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
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NATIONWIDE MULTIFAMILY DATA
www.saaaonline.org | May/June 2019
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