SAAA September 2021 Residence Magazine | Page 40

San Antonio , TX

End of July , 2021
General Overview
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
Top 5 Submarkets
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 %
New Units
40
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