Market Line - SAN ANTONIO
October 2021
SAN ANTONIO OVERVIEW
Occupancy : 93.1 % Price : 1,120 $/ mo
Rental Rate : 1.31 $/ sf / mo Size : 856 sf
Past 12 Months : 14.0 % Rental Rate growth 10,807 units absorbed
Operating Supply : 969 communities 208,349 units
Recently Opened ( 12 mo ): 22 communities 5,462 units
Under Construction : 32 communities 7,555 units
Proposed Construction : 60 communities 17,101 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1150
1100
1050
1000
950
History of Effective Price & Occupancy
Occupancy %
94.0
90.5
87.0
O N D J F M A M J J A S O N D J F M A M J J A S
2019 2020 2021
Price ($/ 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 .
HOTTEST SUBMARKETS Over The Past 3 Months
Rank Submarket |
Annualized % of Mkt |
Growth % Absorbed |
1 |
Alamo Heights / The Quarry |
30.6 % |
2.5 % |
2 |
Thousand Oaks / Stone Oak / 281 North |
29.3 % |
2.3 % |
3 |
Downtown / Southtown / Brackenridge |
21.9 % |
3.7 % |
4 |
Medical Center / USAA / Leon Valley |
26.2 % |
1.8 % |
5 |
UTSA / Bandera Rd / Vance Jackson |
26.8 % |
1.6 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
39,499 |
19 % |
-0.7% |
-3.8% |
A |
16,434 |
22 % |
-0.9% |
-3.9% |
B |
7,221 |
15 % |
-0.5% |
-3.2% |
C |
11,917 |
24 % |
-0.9% |
-3.9% |
D |
3,927 |
10 % |
-0.5% |
-4.4% |
48
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 91.8 % Price : 1,162 $/ mo
Rental Rate : 1.31 $/ sf / mo Size : 887 sf
Past 12 Months : 12.8 % Rental Rate growth 34,742 units absorbed
Occupancy : 93.1 % Price : 1,352 $/ mo
Rental Rate : 1.54 $/ sf / mo Size : 879 sf
Past 12 Months : 17.0 % Rental Rate growth 41,007 units absorbed
Operating Supply : |
Operating Supply : |
2,963 communities |
3,328 communities |
|
699,625 units
796,620 units
|
Occupancy : 92.7 % Price : 1,535 $/ mo
Rental Rate : 1.75 $/ sf / mo Size : 875 sf
Past 12 Months : 25.8 % Rental Rate growth 21,722 units absorbed
Operating Supply : 1,104 communities 262,056 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