Market Line - SAN ANTONIO
December 2020
SAN ANTONIO OVERVIEW
Occupancy : 90.7 % Price : 984 $/ mo
Rental Rate : 1.15 $/ sf / mo Size : 855 sf
Past 12 Months : 0.6 % Rental Rate growth 5,711 units absorbed
Operating Supply : 945 communities 202,049 units
Recently Opened ( 12 mo ): 23 communities 6,049 units
Under Construction : 21 communities 5,289 units
Proposed Construction : 61 communities 17,690 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1000
975
950
925
History of Effective Price & Occupancy
88
D J F M A M J J A S O N D J F M A M J J A S O N
‘ 18 2019 2020
Occupancy %
Price ($/ 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 |
Leon Springs / Boerne / Kerrville |
22.0 % |
2.2 % |
2 |
Thousand Oaks / Stone Oak / 281 North |
3.3 % |
2.4 % |
3 |
Brooks AFB / I-10E |
6.3 % |
2.1 % |
4 |
New Braunfels / Seguin |
3.3 % |
0.9 % |
5 |
Hwy 151 / SeaWorld |
0.9 % |
1.3 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
98,616 |
49 % |
-2.9% |
-5.4% |
A |
36,485 |
63 % |
-4.0% |
-6.1% |
B |
34,794 |
53 % |
-2.6% |
-4.8% |
C |
22,548 |
41 % |
-2.1% |
-5.0% |
D |
4,789 |
20 % |
-1.2% |
-5.3% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 88.8 % Price : 1,040 $/ mo
Rental Rate : 1.18 $/ sf / mo Size : 885 sf
Past 12 Months : -1,4 % Rental Rate growth 11,288 units absorbed
Operating Supply : 2,899 communities 684,012 units
Occupancy : 91.1 % Price : 1,164 $/ mo
Rental Rate : 1.33 $/ sf / mo Size : 877 sf
Past 12 Months : 0.1 % Rental Rate growth 19,848 units absorbed
Operating Supply : 3,226 communities 766,834 units
Occupancy : 88.5 % Price : 1,248 $/ mo
Rental Rate : 1.43 $/ sf / mo Size : 875 sf
Past 12 Months : -4.9 % Rental Rate growth 5,434 units absorbed
Operating Supply : 1,063 communities 250,793 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