SAAA MAY/JUNE 2019 RESIDENCE MAGAZINE MAY_JUNE_2019_Magazine | Page 39

San Antonio, TX End of March, 2019 General Overview Occupancy Mar 2019 89.3 Unit Change 5,902 Units Absorbed (Annual) 6,148 Conventional Properties Average Size (SF) Annual Chg +0.6% 848 +0.2% $1,020 +4.8% Asking Rent per SF $1.20 +4.5% Efective Rent $999 +5.2% Efective Rent per SF $1.18 +4.9% % Ofering Concessions 33% -5.6% Avg. Concession Package 5.5% -12.4% Asking Rent Market Breakdown Property Type % of # # Market Props Avg Units Occ. Average Rent SF Mkt Rent Concessions Ef Props Ofering Avg Package Conventional 80% 968 175,821 89.3% 848 $1,020 $999 33.3% 5.5% Afordable 14% 245 31,312 93.2% 907 $782 $780 5.5% 3.4% Senior Living 4% 101 9,218 88.4% 863 $1,593 $1,589 2.8% 7.4% Student Housing 2% 20 3,945 94.3% 1,204 $1,830 $1,829 6.3% 0.6% 1,334 220,296 Totals Top 5 Submarkets Occupancy Annual Change Mar-19 Change Efective Rent ains Mar-19 Change Boerne - Comfort 92.6% Greater New Braunfels 90.2% 25.8% Greater Shavano Park - Elm Creek $1,078 8.0% 19.3% Woodlawn - Saint Mary's University $737 Downtown - Riverwalk - King William 7.9% 87.3% 9.6% Thousand Oaks - North of Starcrest $977 7.8% La Cantera - Dominion - The Rim - Camp Bullis 79.5% 5.9% Northwest - Helotes - Grey Forest $1,067 7.4% Marymont - San Antonio Airport 91.2% 2.1% East of Downtown - Inside Loop $814 6.5% New Units ALN Apartment Data tracks 11K management companies with over 125K properties, comprised of over 16 million total units. We ofer our clients feature-rich, user-friendly platforms to perform research with confdence, 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. www.alndata.com NATIONWIDE MULTIFAMILY DATA www.saaaonline.org | May/June 2019 39