San Antonio, TX
End of January, 2020
General Overview
Conventional Properties
Jan 2020 Annual Chg
Occupancy 89.4 +0.3%
Unit Change 4,484 Units Absorbed (Annual) 4,444
Average Size (SF)
848 +0.2%
$1,035 +2.8%
$1.22 +2.6%
$1,010 +2.2%
$1.19 +2.0%
% Offering Concessions 39% +30.1%
Avg. Concession Package 5.8% -1.9%
Asking Rent
Asking Rent per SF
Effective Rent
Effective Rent per SF
Market Breakdown
Property Type
% of #
#
Market Props
Avg
Occ.
SF
Mkt
Rent Concessions
Props Offering Avg Package
Conventional 80% 987 179,769 89.4% 848 $1,035 $1,010 39.0% 5.8%
Affordable 14% 252 32,346 93.0% 910 $822 $818 8.3% 5.2%
Senior Living 4% 104 9,712 77.0% 859 $1,713 $1,703 7.9% 8.0%
Student Housing 2% 20 3,945 90.7% 1,106 $1,733 $1,713 23.5% 4.6%
1,363 225,772
Totals
Units
Average Rent
Eff
Top 5 Submarkets
Occupancy Annual Change Jan-20 Change Windcrest - Converse - Randolph 93.9% 7.9%
Effective Rent Gains
East of Downtown - Inside Loop
Greater New Braunfels 93.4% 6.8% South Central
La Cantera - Dominion - The Rim - Camp Bullis 86.9% 5.9% Greater New Braunfels
Medical Center - East of Babcock 90.5% 3.6% Southwest - Lackland
Far West 91.8% 3.5% Boerne - Comfort
Jan-20 Change
$906 13.4%
$872 7.0%
$1,207 5.1%
$746 5.0%
$1,092 4.7%
New Units
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