Conventional Properties |
Jul 2021 |
Annual Chg |
Occupancy |
93.2 |
+ 3.9 % |
Unit Change |
4,844 |
|
Units Absorbed ( Annual ) |
10,892 |
|
Average Size ( SF ) |
850 |
+ 0.4 % |
Asking Rent |
$ 1,126 |
+ 7.8 % |
Asking Rent per SF |
$ 1.32 |
+ 7.4 % |
Efective Rent |
$ 1,112 |
+ 9.1 % |
Efective Rent per SF |
$ 1.31 |
+ 8.7 % |
% Ofering Concessions |
27 % |
-31.2% |
Avg . Concession Package |
4.7 % |
-18.2% |
Market Breakdown | |||||||||
% of |
# |
# |
Avg |
Average Rent |
Rent Concessions |
||||
Property Type |
Market |
Props |
Units |
Occ . |
SF |
Mkt |
Ef |
Props Ofering |
Avg Package |
Conventional |
79 % |
997 |
188,043 |
93.2 % |
850 |
$ 1,126 |
$ 1,112 |
26.6 % |
4.7 % |
Afordable |
15 % |
273 |
34,745 |
92.9 % |
921 |
$ 864 |
$ 858 |
9.2 % |
5.8 % |
Senior Living |
5 % |
120 |
10,957 |
76.0 % |
869 |
$ 1,672 |
$ 1,641 |
19.0 % |
7.0 % |
Student Housing |
2 % |
24 |
4,387 |
85.1 % |
1,098 |
$ 1,764 |
$ 1,744 |
27.8 % |
4.2 % |
Totals |
1,414 |
238,132 |
Occupancy Annual Change |
Jul-21 |
Change |
Kerrville |
96.6 % |
25.3 % |
Boerne - Comfort |
95.7 % |
18.1 % |
Stone Oak - Sonterra |
94.5 % |
13.5 % |
East of Downtown - Inside Loop |
94.1 % |
13.2 % |
Greater New Braunfels |
96.6 % |
8.8 % |
Efective Rent ains |
Jul-21 |
Change |
Boerne - Comfort |
$ 1,248 |
16.3 % |
La Cantera - Dominion - The Rim - Camp Bullis |
$ 1,463 |
12.8 % |
Northwest - Helotes - Grey Forest |
$ 1,225 |
12.5 % |
Far West |
$ 1,159 |
11.7 % |
Stone Oak - Sonterra |
$ 1,322 |
11.1 % |