Market Line - SAN ANTONIO
July 2021
SAN ANTONIO OVERVIEW
Occupancy : 91.5 % Price : 1,059 $/ mo
Rental Rate : 1.24 $/ sf / mo Size : 856 sf
Past 12 Months : 5.9 % Rental Rate growth 10,167 units absorbed
Operating Supply : 966 communities 207,405 units
Recently Opened ( 12 mo ): 27 communities 6,544 units
Under Construction : 26 communities 6,425 units
Proposed Construction : 62 communities 17,271 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1100
1050
1000
950
History of Effective Price & Occupancy
88
J A S O N D J F M A M J J A S O N D J F M A M J 2019 2020 2021
Occupancy %
Price ($/ 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 |
29.7 % |
3.8 % |
2 |
Alamo Heights / The Quarry |
30.6 % |
2.7 % |
3 |
Downtown / Southtown / Brackenridge |
22.2 % |
5.5 % |
4 |
New Braunfels / Seguin |
28.7 % |
2.7 % |
5 |
Leon Springs / Boerne / Kerrville |
20.7 % |
3.1 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
71,133 |
34 % |
-1.6% |
-4.5% |
A |
26,467 |
40 % |
-1.9% |
-4.7% |
B |
19,959 |
35 % |
-1.3% |
-3.9% |
C |
18,874 |
37 % |
-1.7% |
-4.6% |
D |
5,833 |
17 % |
-0.9% |
-4.8% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 90.7 % Price : 1,116 $/ mo
Rental Rate : 1.26 $/ sf / mo Size : 886 sf
Past 12 Months : 5.0 % Rental Rate growth 27,759 units absorbed
Occupancy : 92.1 % Price : 1,273 $/ mo
Rental Rate : 1.45 $/ sf / mo Size : 878 sf
Past 12 Months : 7.7 % Rental Rate growth 33,002 units absorbed
Operating Supply : |
Operating Supply : |
2,942 communities |
3,293 communities |
44 |
693,800 units
786,861 units
|
Occupancy : 91.4 % Price : 1,422 $/ mo
Rental Rate : 1.62 $/ sf / mo Size : 876 sf
Past 12 Months : 9.4 % Rental Rate growth 16,218 units absorbed
Operating Supply : 1,088 communities 257,063 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