Market Line - SAN ANTONIO
March 2021
SAN ANTONIO OVERVIEW
Occupancy : 90.5 % Price : 992 $/ mo
Rental Rate : 1.16 $/ sf / mo Size : 855 sf
Past 12 Months : 1.1 % Rental Rate growth 6,953 units absorbed
Operating Supply : 952 communities 203,921 units
Recently Opened ( 12 mo ): 25 communities 6,444 units
Under Construction : 21 communities 5,330 units
Proposed Construction : 59 communities 16,923 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1020
1000
980
960
History of Effective Price & Occupancy
940 88
M A M J J A S O N D J F M A M J J A S O N D J F
2019 2020 2021
Occupancy %
Price ($/ 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 .
92
90
HOTTEST SUBMARKETS Over The Past 3 Months
Rank Submarket |
Annualized % of Mkt |
Growth % Absorbed |
1 |
Thousand Oaks / Stone Oak / 281 North |
6.3 % |
1.8 % |
2 |
UTSA / Bandera Rd / Vance Jackson |
5.6 % |
0.5 % |
3 |
Medical Center / USAA / Leon Valley |
7.3 % |
0.3 % |
4 |
Downtown / Southtown / Brackenridge |
0.6 % |
3.0 % |
5 |
Castle Hills / San Pedro / Jackson-Keller |
3.2 % |
1.7 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
99,504 |
49 % |
-2.8% |
-5.5% |
A |
35,736 |
62 % |
-4.0% |
-6.3% |
B |
34,637 |
50 % |
-2.3% |
-4.6% |
C |
24,818 |
47 % |
-2.4% |
-4.9% |
D |
4,313 |
18 % |
-0.9% |
-4.8% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 88.8 % Price : 1,046 $/ mo
Rental Rate : 1.18 $/ sf / mo Size : 885 sf
Past 12 Months : -1.4 % Rental Rate growth 12,932 units absorbed
Operating Supply : 2,915 communities 687,562 units
Occupancy : 91.0 % Price : 1,179 $/ mo
Rental Rate : 1.34 $/ sf / mo Size : 877 sf
Past 12 Months : 0.4 % Rental Rate growth 20,465 units absorbed
Operating Supply : 3,248 communities 773,964 units
Occupancy : 89.0 % Price : 1,276 $/ mo
Rental Rate : 1.46 $/ sf / mo Size : 875 sf
Past 12 Months : -4.2 % Rental Rate growth 7,742 units absorbed
Operating Supply : 1,073 communities 253,452 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