Market Line - SAN ANTONIO
June 2021
SAN ANTONIO OVERVIEW
Occupancy : 90.8 % Price : 1,034 $/ mo
Rental Rate : 1.21 $/ sf / mo Size : 856 sf
Past 12 Months : 4.1 % Rental Rate growth 9,385 units absorbed
Operating Supply : 965 communities 207,103 units
Recently Opened ( 12 mo ): 29 communities 6,975 units
Under Construction : 26 communities 6,464 units
Proposed Construction : 59 communities 16,626 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1050
1025
1000
975
950
History of Effective Price & Occupancy
88
J J A S O N D J F M A M J J A S O N D J F M A M
2019 2020 2021
Occupancy %
Price ($/ 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 |
Alamo Heights / The Quarry |
26.0 % |
3.6 % |
2 |
Leon Springs / Boerne / Kerrville |
18.2 % |
3.3 % |
3 |
New Braunfels / Seguin |
23.2 % |
2.3 % |
4 |
Downtown / Southtown / Brackenridge |
15.1 % |
3.8 % |
5 |
Thousand Oaks / Stone Oak / 281 North |
17.9 % |
2.5 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
82,112 |
40 % |
-2.2% |
-5.2% |
A |
32,008 |
51 % |
-3.0% |
-5.7% |
B |
22,594 |
37 % |
-1.6% |
-4.2% |
C |
21,516 |
41 % |
-2.0% |
-5.0% |
D |
5,994 |
19 % |
-1.1% |
-5.3% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 90.1 % Price : 1,092 $/ mo
Rental Rate : 1.23 $/ sf / mo Size : 886 sf
Occupancy : 91.6 % Price : 1,242 $/ mo
Rental Rate : 1.42 $/ sf / mo Size : 878 sf
Occupancy : 90.7 % Price : 1,371 $/ mo
Rental Rate : 1.56 $/ sf / mo Size : 876 sf
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 .
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Past 12 Months : 2.6 % Rental Rate growth 23,055 units absorbed
Operating Supply : 2,935 communities 692,191 units
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Past 12 Months : 5.2 % Rental Rate growth 29,785 units absorbed
Operating Supply : 3,285 communities 784,806 units
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Past 12 Months : 4.8 % Rental Rate growth 13,318 units absorbed
Operating Supply : 1,079 communities 255,231 units
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Cindi Reed Regional Vice President 512.969.1499
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