Market Line - SAN ANTONIO
April 2022
SAN ANTONIO OVERVIEW
Occupancy : 93.1 % Price : 1,170 $/ mo
Rental Rate : 1.36 $/ sf / mo Size : 857 sf
Past 12 Months : 15.9 % Rental Rate growth 10,198 units absorbed
Operating Supply : 975 communities 210,677 units
Recently Opened ( 12 mo ): 20 communities 5,161 units
Under Construction : 27 communities 6,358 units
Proposed Construction : 63 communities 17,839 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1200
1100
1000
900
History of Effective Price & Occupancy
88
A M J J A S O N D J F M A M J J A S O N D J F M
2020 2021 2022
Occupancy %
Price ($/ 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 |
Hwy 151 / SeaWorld |
13.1 % |
0.9 % |
2 |
UTSA / Bandera Rd / Vance Jackson |
11.4 % |
0.4 % |
3 |
New Braunfels / Seguin |
15.7 % |
0.2 % |
4 |
Castle Hills / San Pedro / Jackson-Keller |
11.4 % |
0.3 % |
5 |
Windcrest / Universal City |
6.9 % |
0.5 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
35,217 |
17 % |
-0.6% |
-3.2% |
A |
18,117 |
25 % |
-0.9% |
-3.2% |
B |
7,894 |
14 % |
-0.3% |
-2.7% |
C |
6,432 |
15 % |
-0.6% |
-3.7% |
D |
2,774 |
7 % |
-0.2% |
-3.7% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 91.5 % Price : 1,212 $/ mo
Rental Rate : 1.36 $/ sf / mo Size : 889 sf
Past 12 Months : 13.4 % Rental Rate growth 34,703 units absorbed
Occupancy : 93.4 % Price : 1,433 $/ mo
Rental Rate : 1.63 $/ sf / mo Size : 880 sf
Past 12 Months : 18.6 % Rental Rate growth 43,440 units absorbed
Operating Supply : |
Operating Supply : |
2,999 communities |
3,357 communities |
48 |
709,655 units
|
806,000 units |
Occupancy : 91.8 % Price : 1,602 $/ mo
Rental Rate : 1.83 $/ sf / mo Size : 874 sf
Past 12 Months : 21.9 % Rental Rate growth 21,061 units absorbed
Operating Supply : 1,136 communities 270,860 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