Market Line - SAN ANTONIO
February 2021
SAN ANTONIO OVERVIEW
Occupancy : 90.5 % Price : 990 $/ mo
Rental Rate : 1.16 $/ sf / mo Size : 855 sf
Past 12 Months : 1.0 % Rental Rate growth 6,435 units absorbed
Operating Supply : 948 communities 202,814 units
Recently Opened ( 12 mo ): 24 communities 6,133 units
Under Construction : 21 communities 5,231 units
Proposed Construction : 60 communities 17,287 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1000
980
960
940
F M A M J
History of Effective Price & Occupancy
Occupancy %
J A S O N D J F M A M J J A S O N D
2019 2020 ‘ 21
Price ($/ 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 .
J
92
90
88
HOTTEST SUBMARKETS Over The Past 3 Months
Rank Submarket |
Annualized % of Mkt |
Growth % Absorbed |
1 |
Thousand Oaks / Stone Oak / 281 North |
4.6 % |
1.5 % |
2 |
New Braunfels / Seguin |
6.0 % |
0.7 % |
3 |
Blanco Rd / West Ave |
4.5 % |
0.5 % |
4 |
Castle Hills / San Pedro / Jackson-Keller |
5.1 % |
0.1 % |
5 |
Downtown / Southtown / Brackenridge |
0.6 % |
1.1 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
97,623 |
48 % |
-2.8% |
-5.4% |
A |
33,645 |
62 % |
-4.2% |
-6.4% |
B |
33,479 |
48 % |
-2.0% |
-4.2% |
C |
25,837 |
47 % |
-2.4% |
-4.9% |
D |
4,662 |
19 % |
-0.9% |
-4.7% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 88.7 % Price : 1,044 $/ mo
Rental Rate : 1.18 $/ sf / mo Size : 885 sf
Past 12 Months : -1,7 % Rental Rate growth 11,995 units absorbed
Operating Supply : 2,911 communities 686,498 units
Occupancy : 91.0 % Price : 1,169 $/ mo
Rental Rate : 1.33 $/ sf / mo Size : 877 sf
Past 12 Months : -0.2 % Rental Rate growth 20,621 units absorbed
Operating Supply : 3,242 communities 772,050 units
Occupancy : 88.7 % Price : 1,260 $/ mo
Rental Rate : 1.44 $/ sf / mo Size : 875 sf
Past 12 Months : -5.0 % Rental Rate growth 6,881 units absorbed
Operating Supply : 1,070 communities 252,552 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