Conventional Properties |
Oct 2020 |
Annual Chg |
Occupancy |
90.6 |
0 % |
Unit Change |
5,086 |
|
Units Absorbed ( Annual ) |
4,782 |
|
Average Size ( SF ) |
848 |
0 % |
Asking Rent |
$ 1,048 |
+ 1.0 % |
Asking Rent per SF |
$ 1.24 |
+ 1.0 % |
Efective Rent |
$ 1,021 |
+ 0.6 % |
Efective Rent per SF |
$ 1.20 |
+ 0.6 % |
% Ofering Concessions |
40 % |
+ 5.6 % |
Avg . Concession Package |
5.6 % |
+ 9.7 % |
Market Breakdown | |||||||||
% of |
# |
# |
Avg |
Average Rent |
Rent Concessions |
||||
Property Type |
Market |
Props |
Units |
Occ . |
SF |
Mkt |
Ef |
Props Ofering |
Avg Package |
Conventional |
79 % |
978 |
183,794 |
90.6 % |
848 |
$ 1,048 |
$ 1,021 |
39.7 % |
5.6 % |
Afordable |
15 % |
267 |
33,859 |
91.4 % |
920 |
$ 846 |
$ 841 |
10.1 % |
4.7 % |
Senior Living |
5 % |
113 |
10,481 |
70.3 % |
862 |
$ 1,718 |
$ 1,705 |
12.5 % |
4.4 % |
Student Housing |
2 % |
21 |
4,107 |
83.7 % |
1,098 |
$ 1,688 |
$ 1,670 |
16.7 % |
5.2 % |
Totals |
1,379 |
232,241 |
|||||||
Top 5 Submarkets |
|||||||||
Occupancy Annual Change |
Oct-20 |
Change |
East of Downtown - Inside Loop |
80.2 % |
51.4 % |
Northeast - Universal City - Live Oak - Shertz |
95.2 % |
5.6 % |
Southeast - China Grove |
94.5 % |
5.0 % |
Southwest - Lackland |
91.4 % |
4.5 % |
Seguin |
94.5 % |
4.0 % |
Efective Rent ains |
Oct-20 |
Change |
Kerrville |
$ 879 |
7.1 % |
Seguin |
$ 1,050 |
6.8 % |
Southwest - Lackland |
$ 776 |
4.5 % |
East of Downtown - Inside Loop |
$ 941 |
4.4 % |
Windcrest - Converse - Randolph |
$ 888 |
3.4 % |