SAAA Residence Magazine December 2020 | Page 47

San Antonio , TX

General Overview
End of October , 2020
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 %
New Units
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