Market Line - SAN ANTONIO
August 2022
SAN ANTONIO OVERVIEW
Occupancy : 92.5 % Price : 1,220 $/ mo
Rental Rate : 1.42 $/ sf / mo Size : 858 sf
Past 12 Months : 10.9 % Rental Rate growth 4,062 units absorbed
Operating Supply : 986 communities 212,564 units
Recently Opened ( 12 mo ): 20 communities 4,726 units
Under Construction : 28 communities 7,522 units
Proposed Construction : 66 communities 18,983 units
The box on the left displays a snapshot of the current market conditions .
The graph on the right displays the overall occupancy and effective rental prices over the past 24 months . These statistics are derived from a continuous survey of all apartment communities . Effective rental prices are calculated net of concessions and utility adjustments .
The table below lists the 5 hottest submarkets in the Greater San Antonio area . There are a total of 15 submarkets , and the ranking is based on the best combination of rental rate growth and absorption over the past 3 months .
1300
1200
1100
1000
900
History of Effective Price & Occupancy
88
A S O N D J F M A M J J A S O N D J F M A M J J
2020 2021 2022
Occupancy %
Price ($/ mo )
The table below distributes and analyzes concessions ( specials ) by classification . Concessions generally are represented by three types of specials : move-in , months free , or floorplan . ApartmentData . com captures the effect of these specials and prorates them over a lease term to arrive at a percentage reduction in market or street rents .
94
91
HOTTEST SUBMARKETS Over The Past 3 Months
Rank Submarket |
Annualized % of Mkt |
Growth % Absorbed |
1 |
Port San Antonio / I-35S |
18.4 % |
1.4 % |
2 |
Thousand Oaks / Stone Oak / 281 North |
15.9 % |
1.1 % |
3 |
Windcrest / Universal City |
17.6 % |
0.0 % |
4 |
Leon Springs / Boerne / Kerrville |
14.3 % |
0.3 % |
5 |
Hwy 151 / SeaWorld |
13.3 % |
0.9 % |
CONCESSIONS
Class |
Total Units |
% of |
Citywide |
Average |
|
w / Concessions |
Total Units |
Effect |
Special |
ALL |
32,986 |
16 % |
-0.7% |
-4.1% |
A |
15,883 |
22 % |
-1.0% |
-4.4% |
B |
8,365 |
14 % |
-0.4% |
-3.1% |
C |
6,834 |
19 % |
-0.8% |
-4.0% |
D |
1,904 |
5 % |
-0.2% |
-5.0% |
Other Texas Markets HOUSTON DALLAS / FT WORTH AUSTIN
Occupancy : 91.2 % Price : 1,259 $/ mo
Rental Rate : 1.42 $/ sf / mo Size : 890 sf
Past 12 Months : 9.2 % Rental Rate growth 16,238 units absorbed
Occupancy : 93.1 % Price : 1,520 $/ mo
Rental Rate : 1.73 $/ sf / mo Size : 881 sf
Past 12 Months : 14.8 % Rental Rate growth 22,223 units absorbed
Operating Supply : |
Operating Supply : |
3,029 communities |
3,378 communities |
34 |
716,030 units
812,200 units
|
Occupancy : 92.1 % Price : 1,687 $/ mo
Rental Rate : 1.93 $/ sf / mo Size : 876 sf
Past 12 Months : 12.3 % Rental Rate growth 13,128 units absorbed
Operating Supply : 1,148 communities 273,862 units
ApartmentData . com has been providing apartment data and marketing products since 1986 . We provide real time access for property specific information , market surveys and historic submarket data for over 3.5 million apartment units in AZ , FL , GA , NC , TN , and TX .
Cindi Reed Regional Vice President 512.969.1499