SAAA May 2020 Special Edition Residence Magazine MAY_2020_DIGITAL_Magazine | Page 22

San Antonio, TX End of March, 2020 General Overview Occupancy Mar 2020 89.1 Unit Change 5,168 Units Absorbed (Annual) 4,202 Conventional Properties Average Size (SF) Annual Chg -0.2% 848 +0.1% $1,040 +2.0% $1.23 +1.9% $1,016 +1.8% $1.20 +1.7% % Offering Concessions 38% +14.4% Avg. Concession Package 5.6% +1.6% Asking Rent Asking Rent per SF Effective Rent Effective Rent per SF Market Breakdown Property Type % of # # Market Props Avg Units Occ. Average Rent SF Mkt Props Offering Avg Package $1,016 38.1% 5.6% $835 $828 9.6% 6.1% $1,714 $1,713 2.6% 8.3% $1,740 22.2% 3.5% Conventional 79% 996 181,751 89.1% 848 Affordable 15% 257 33,311 88.3% 916 Senior Living 4% 108 10,126 79.7% 859 Student Housing 2% 21 4,107 88.2% 1,091 $1,755 1,382 229,295 Totals Rent Concessions $1,040 Eff Top 5 Submarkets Occupancy Annual Change Mar-20 Change Effective Rent Gains Mar-20 Change La Cantera - Dominion - The Rim - Camp Bullis 89.1% 12.1% $920 16.6% Windcrest - Converse - Randolph 92.6% 5.3% Greater New Braunfels Far West 92.8% 3.5% South Central $1,251 6.7% $871 5.8% Seguin 93.4% 3.2% Medical Center - West of Babcock 91.2% 3.2% Southwest - Lackland $751 5.2% Kerrville $849 4.7% East of Downtown - Inside Loop New Units ALN Apartment Data tracks 11K management companies with over 125K properties, comprised of over 16 million total units. We offer our clients feature-rich, user-friendly platforms to perform research with confidence, and our comprehensive services are available nationwide. Copyrights: All data, information and material provided through ALN Platforms or Reports are copyrighted. All resales, redistribution, or other forms of dissemination is strictly forbidden. For ALN editorial inserts, sourcing, questions, or additional information about our services, please contact [email protected] or call 800-643-6416 x 3. 22 MAY 2020 SPECIAL EDITION | www.saaaonline.org www.alndata.com NATIONWIDE MULTIFAMILY DATA