Market Line - SAN ANTONIO
March 2022
SAN ANTONIO OVERVIEW
Occupancy : 93.0 % Price : 1,155 $/ mo
Rental Rate : 1.35 $/ sf / mo Size : 857 sf
Past 12 Months : 17.1 % Rental Rate growth 10,524 units absorbed
Operating Supply : 975 communities 210,677 units
Recently Opened ( 12 mo ): 23 communities 5,886 units
Under Construction : 27 communities 6,358 units
Proposed Construction : 61 communities 17,529 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1200
1100
1000
History of Effective Price & Occupancy
900 88
M A M J J A S O N D J F M A M J J A S O N D J F
2020 2021 ‘ 22
Occupancy %
Price ($/ mo )
The table below distributes and analyzes concessions ( specials ) by classification . Concessions generally are represented by three types of specials : move-in , months free , or floorplan . ApartmentData . com captures the effect of these specials and prorates them over a lease term to arrive at a percentage reduction in market or street rents .
94
91
HOTTEST SUBMARKETS Over The Past 3 Months
Rank Submarket |
Annualized % of Mkt |
Growth % Absorbed |
1 |
New Braunfels / Seguin |
12.8 % |
0.5 % |
2 |
Castle Hills / San Pedro / Jackson-Keller |
10.9 % |
1.4 % |
3 |
Nacogdoches Rd / Perrin Beitel Rd |
11.8 % |
0.3 % |
4 |
Leon Springs / Boerne / Kerrville |
12.1 % |
0.2 % |
5 |
Brooks AFB / I-10E |
9.8 % |
0.4 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
39,078 |
19 % |
-0.7% |
-3.4% |
A |
22,198 |
31 % |
-1.1% |
-3.4% |
B |
7,222 |
13 % |
-0.3% |
-2.7% |
C |
6,686 |
16 % |
-0.5% |
-3.2% |
D |
2,972 |
7 % |
-0.4% |
-4.5% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 91.5 % Price : 1,201 $/ mo
Rental Rate : 1.35 $/ sf / mo Size : 889 sf
Past 12 Months : 14.7 % Rental Rate growth 36,023 units absorbed
Occupancy : 93.2 % Price : 1,413 $/ mo
Rental Rate : 1.61 $/ sf / mo Size : 879 sf
Past 12 Months : 20.1 % Rental Rate growth 43,740 units absorbed
Operating Supply : |
Operating Supply : |
2,994 communities |
3,355 communities |
42 |
708,551 units
806,168 units
|
Occupancy : 92.2 % Price : 1,585 $/ mo
Rental Rate : 1.81 $/ sf / mo Size : 875 sf
Past 12 Months : 25.1 % Rental Rate growth 21,179 units absorbed
Operating Supply : 1,127 communities 268,250 units
ApartmentData . com has been providing apartment data and marketing products since 1986 . We provide real time access for property specific information , market surveys and historic submarket data for over 3.5 million apartment units in AZ , FL , GA , NC , TN , and TX .
Cindi Reed Regional Vice President 512.969.1499