SAAA Residence Magazine October 2020 | Page 47

San Antonio , TX

General Overview
End of August , 2020
Conventional Properties
Aug
2020
Annual Chg
Occupancy
90.3
-1.1%
Unit Change 5,759 Units Absorbed ( Annual ) 3,562 Average Size ( SF ) 848 0 % Asking Rent $ 1,047 + 0.7 % Asking Rent per SF $ 1.23 + 0.8 % Efective Rent $ 1,019 -0.1 % Efective Rent per SF $ 1.20 -0.1 % % Ofering Concessions 39 % + 19.2 % Avg . Concession Package 5.9 % + 17.7 %
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
90.3 %
848
$ 1,047
$ 1,019
38.9 %
5.9 %
Afordable
15 %
261
33,659
90.3 %
920
$ 846
$ 839
13.1 %
5.2 %
Senior Living
4 %
108
10,127
75.2 %
863
$ 1,733
$ 1,720
13.2 %
4.1 %
Student Housing
2 %
21
4,107
71.3 %
1,098
$ 1,762
$ 1,739
27.8 %
4.9 %
Totals
1,368
231,376
Top 5 Submarkets
Occupancy Annual Change
Aug-20
Change
East of Downtown - Inside Loop
84.8 %
7.6 %
Northeast - Universal City - Live Oak - Shertz
94.4 %
4.5 %
Southeast - China Grove
94.1 %
4.1 %
Seguin
96.2 %
4.0 %
Southwest - Lackland
91.0 %
4.0 %
Efective Rent ains
Aug-20
Change
East of Downtown - Inside Loop
$ 931
15.1 %
Kerrville
$ 881
7.3 %
Southwest - Lackland
$ 771
4.2 %
Seguin
$ 1,054
3.5 %
Woodlawn - Saint Mary ' s University
$ 764
2.7 %
New Units
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