Conventional Properties |
Apr 2021 |
Annual Chg |
Occupancy |
90.7 |
+ 1.7 % |
Unit Change |
5,034 |
|
Units Absorbed ( Annual ) |
7,571 |
|
Average Size ( SF ) |
849 |
+ 0.1 % |
Asking Rent |
$ 1,070 |
+ 2.9 % |
Asking Rent per SF |
$ 1.26 |
+ 2.8 % |
Efective Rent |
$ 1,044 |
+ 2.9 % |
Efective Rent per SF |
$ 1.23 |
+ 2.7 % |
% Ofering Concessions |
39 % |
-0.9% |
Avg . Concession Package |
5.7 % |
+ 2.8 % |
Market Breakdown | |||||||||
% of |
# |
# |
Avg |
Average Rent |
Rent Concessions |
||||
Property Type |
Market |
Props |
Units |
Occ . |
SF |
Mkt |
Ef |
Props Ofering |
Avg Package |
Conventional |
79 % |
991 |
187,066 |
90.7 % |
849 |
$ 1,070 |
$ 1,044 |
38.9 % |
5.7 % |
Afordable |
15 % |
274 |
34,865 |
91.0 % |
920 |
$ 857 |
$ 848 |
14.0 % |
5.3 % |
Senior Living |
5 % |
119 |
10,969 |
71.5 % |
868 |
$ 1,708 |
$ 1,690 |
14.3 % |
5.6 % |
Student Housing |
2 % |
24 |
4,387 |
84.0 % |
1,098 |
$ 1,715 |
$ 1,688 |
33.3 % |
6.4 % |
Totals |
1,408 |
237,287 |
|||||||
Top 5 Submarkets |
|||||||||
Occupancy Annual Change |
Apr-21 |
Change |
Boerne - Comfort |
93.0 % |
16.6 % |
East of Downtown - Inside Loop |
83.5 % |
13.0 % |
Greater New Braunfels |
94.5 % |
8.3 % |
Kerrville |
87.0 % |
8.2 % |
South Central |
90.9 % |
7.5 % |
Efective Rent ains |
Apr-21 |
Change |
Kerrville |
$ 938 |
10.3 % |
Windcrest - Converse - Randolph |
$ 923 |
6.9 % |
Northeast - Universal City - Live Oak - Shertz |
$ 1,045 |
6.8 % |
Greater Castle Hills - Whispering Oaks - Oak Hills |
$ 914 |
5.2 % |
Boerne - Comfort |
$ 1,130 |
5.2 % |