IN THIS ISSUE...
San Antonio, TX
End of September, 2018
General Overview
Sep
2018 Annual Chg
Occupancy 90.2 +1.4%
Unit Change 4,947 Units Absorbed (Annual) 6,476
Conventional Properties
Average Size (SF)
844 +0.1%
Asking Rent $998 +3.2%
Asking Rent per SF $1.18 +3.0%
Effective Rent $977 +3.4%
Effective Rent per SF $1.15 +3.2%
% Offering Concessions 33% +2.5%
Ave. Concession Package 5.6% -6.3%
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6 MARKET INFORMATION
9 THIRD QUARTER...THE BEST TIME TO BUDGET
Get the latest stats on occupany and more
There will always be changes
Market Breakdown
Property Type
% of Market # Properties
Conventional 83% Affordable # Units Occ. Avg SF 891 170,743 90.3% 845 12% 155 24,239 92.9% 898 $789 $787 Senior Living 4% 72 7,760 87.1% 862 $1,605 $1,594 8.3%
Student Housing 2% 19 3,869 93.4% 1,194 $1,862 $1,831 10.4%
1,137 206,611
Totals
Avg Mkt Rent
Avg Eff Rent
$997
Avg % Discount
$977
5.5%
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3.1%
Top 5 Submarkets
Occupancy Annual Change
Sep-18
Change
Effective Rent Gains
Sep-18
Change
Boerne - Comfort 91.0% 16.1% Southeast - China Grove $834 5.9%
La Cantera - Dominion - The Rim - Camp Bullis 84.7% 12.5% Windcrest - Converse - Randolph $847 5.7%
Southwest - Lackland 93.8% 8.5% Balcones Heights - Jefferson $762 4.6%
Southeast - China Grove 91.0% 4.9% Medical Center - East of Babcock $912 4.5%
Alamo Heights - Terrell Hills - Olmos Park 92.5% 4.3% Medical Center - West of Babcock $913 4.4%
ELECTION OF OFFICERS 2018
Annual Meeting of the Members
New Units
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12 TRADESHOW 2018
19 NEW MEMBERS
23 GOLF TOURNAMENT
29 WINTER AWARDS GALA
Photos and Winners!
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NATIONWIDE MULTIFAMILY DATA
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Welcome our new members to SAAA
Photos and Winners!
A Masquerade Ball!
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Join us for the SAAA
Winter Awards Gala
December 6, 2018
29
Hyatt Regency Hill Country Resort
“Choose a mask and wear it well
so your true identity, no one can tell”
30 INSTALLATION OF OFFICERS
31 LEGAL UPDATE
Register now!
Dangers of Short-Term Rentals
Come celebrate with us as we honor the 2018 award recipients!
6:30 p.m. Registration/Cocktail Hour; 7:30 p.m. Dinner and Awards Ceremony
Semi-Formal attire recommended
$70 online registration
$80 regular registration and walk-ins
Come enjoy live music and don’t forget to
bring a new unwrapped toy
for Operation Blue Santa
www.saaaonline.org | November/December 2018
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