SAAA Residence Magazine November 2020 | Page 47

San Antonio , TX

General Overview
End of September , 2020
Conventional Properties
Sep
2020
Annual Chg
Occupancy
90.7
-0.5%
Unit Change 5,399 Units Absorbed ( Annual ) 4,273 Average Size ( SF ) 848 0 % Asking Rent $ 1,049 + 0.8 % Asking Rent per SF $ 1.24 + 0.8 % Efective Rent $ 1,020 -0.2 % Efective Rent per SF $ 1.20 -0.2 % % Ofering Concessions 41 % + 22.3 % Avg . Concession Package 5.9 % + 22.6 %
Market Breakdown
% of
#
#
Avg
Average Rent
Rent Concessions
Property Type
Market
Props
Units
Occ .
SF
Mkt
Ef
Props Ofering
Avg Package
Conventional
79 %
978
183,483
90.7 %
848
$ 1,049
$ 1,020
40.6 %
5.9 %
Afordable
15 %
263
33,720
90.8 %
919
$ 846
$ 841
10.1 %
4.7 %
Senior Living
4 %
111
10,378
71.9 %
862
$ 1,708
$ 1,695
12.5 %
4.4 %
Student Housing
2 %
21
4,107
82.9 %
1,098
$ 1,689
$ 1,667
27.8 %
5.3 %
Totals
1,373
231,688
Top 5 Submarkets
Occupancy Annual Change
Sep-20
Change
Northeast - Universal City - Live Oak - Shertz
95.2 %
6.3 %
Southwest - Lackland
91.6 %
6.2 %
East of Downtown - Inside Loop
81.9 %
4.9 %
Southeast - China Grove
94.1 %
4.6 %
Seguin
95.7 %
4.3 %
Efective Rent ains
Sep-20
Change
East of Downtown - Inside Loop
$ 924
13.8 %
Kerrville
$ 878
7.1 %
Southwest - Lackland
$ 774
4.9 %
Seguin
$ 1,063
4.8 %
Woodlawn - Saint Mary ' s University
$ 770
4.1 %
New Units
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