SAAA November 2022 Residence Magazine NOVEMBER2022_DIGITAL_Magazine | Page 36

San Antonio , TX

End of October , 2022
General Overview
Conventional Properties
Oct 2022
Annual Chg
Occupancy
91.1
-3.3%
Unit Change
3,763
Units Absorbed ( Annual )
-2,426
Average Size ( SF )
853
+ 0.1 %
Asking Rent
$ 1,287
+ 9.0 %
Asking Rent per SF
$ 1.51
+ 8.9 %
Efective Rent
$ 1,275
+ 8.7 %
Efective Rent per SF
$ 1.49
+ 8.6 %
% Ofering Concessions
18 %
+ 9.8 %
Avg . Concession Package
4.4 %
+ 13.8 %
Market Breakdown
% of
#
#
Avg
Average Rent
Rent Concessions
Property Type
Market
Props
Units
Occ .
SF
Mkt
Ef
Props Ofering
Avg Package
Conventional
78 %
1,017
194,259
91.1 %
853
$ 1,287
$ 1,275
17.7 %
4.4 %
Afordable
16 %
293
38,771
86.4 %
924
$ 985
$ 984
1.9 %
2.8 %
Senior Living
5 %
124
11,358
85.0 %
875
$ 1,787
$ 1,777
11.4 %
2.9 %
Student Housing
2 %
22
3,914
98.4 %
1,053
$ 1,851
$ 1,851
0.0 %
0.0 %
Totals
1,456
248,302
Top 5 Submarkets
Occupancy Annual Change
Oct-22
Change
Hollywood Park - Camino Real
94.1 %
2.3 %
Northeast - Universal City - Live Oak - Shertz
95.2 %
2.0 %
Marymont - San Antonio Airport
92.8 %
1.4 %
La Cantera - Dominion - The Rim - Camp Bullis
92.4 %
1.2 %
Downtown - Riverwalk - King William
91.3 %
0.7 %
Efective Rent ains
Oct-22
Change
Boerne - Comfort
$ 1,553
18.0 %
Seguin
$ 1,244
13.0 %
Southwest - Lackland
$ 907
12.9 %
Northeast - Universal City - Live Oak - Shertz
$ 1,300
12.4 %
Marymont - San Antonio Airport
$ 1,029
12.0 %
New Units
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36 NOVEMBER 2022 | www . saaaonline . org