Market Line - SAN ANTONIO
May 2021
SAN ANTONIO OVERVIEW
Occupancy : 90.4 % Price : 1,018 $/ mo
Rental Rate : 1.19 $/ sf / mo Size : 856 sf
Past 12 Months : 2.8 % Rental Rate growth 8,461 units absorbed
Operating Supply : 962 communities 206,694 units
Recently Opened ( 12 mo ): 28 communities 7,355 units
Under Construction : 29 communities 6,874 units
Proposed Construction : 54 communities 15,578 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1050
1025
1000
975
950 M
J
History of Effective Price & Occupancy
88
J A S O N D J F M A M J J A S O N D J F M A 2019 2020 2021
Occupancy %
Price ($/ 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 |
Downtown / Southtown / Brackenridge |
18.2 % |
4.1 % |
2 |
Alamo Heights / The Quarry |
17.1 % |
3.9 % |
3 |
Leon Springs / Boerne / Kerrville |
17.5 % |
2.8 % |
4 |
New Braunfels / Seguin |
12.8 % |
1.6 % |
5 |
Windcrest / Universal City |
15.1 % |
1.4 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
86,209 |
42 % |
-2.4% |
-5.5% |
A |
31,162 |
59 % |
-3.1% |
-6.3% |
B |
26,466 |
42 % |
-1.9% |
-4.5% |
C |
23,805 |
45 % |
-2.4% |
-5.1% |
D |
4,776 |
17 % |
-1.1% |
-5.9% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 89.6 % Price : 1,073 $/ mo
Rental Rate : 1.21 $/ sf / mo Size : 886 sf
Occupancy : 91.3 % Price : 1,216 $/ mo
Rental Rate : 1.39 $/ sf / mo Size : 878 sf
Occupancy : 90.0 % Price : 1,335 $/ mo
Rental Rate : 1.53 $/ sf / mo Size : 875 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 : 0.6 % Rental Rate growth 17,962 units absorbed
Operating Supply : 2,924 communities 689,718 units
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Past 12 Months : 3.1 % Rental Rate growth 25,232 units absorbed
Operating Supply : 3,275 communities 781,460 units
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Past 12 Months : 1.2 % Rental Rate growth 10,171 units absorbed
Operating Supply : 1,076 communities 254,628 units
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Cindi Reed Regional Vice President 512.969.1499
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