Texas Apartment Marketplace Update May possibly 2006
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| Description | Despite the fact that all main Texas markets posted decreases in typical occupancy in May, occupancy remains above 90% in all 4, with Austin recording the highest at 93.02%. The lowest occupancy was found in Dallas/Fort Worth at 90.18%. Austin has the highest typical rent per square foot as properly, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. If you wish to identify further about apartment moving company discussions, we know of many online libraries you could pursue. The strongest monthly absorption was found in San Antonio, which absorbed 243 units in Could. Posting the weakest absorption figures in Could was the Houston market place, at -477 units. Austin apartment market occupancy decreased .36 points in May to 93.02%, but remains 1.64 points above final years level. Typical rents, presently at $.931 psf, are $.002 psf larger than last month and $.003 psf larger than final year. Go includes further about the reason for this idea. Monthly absorption returned to positive territory, as 236 units were absorbed, bringing annual absorption to 3,709 units. Dallas/Fort Worth apartment industry occupancy was down .17 points more than the month. At the moment at 90.18%, occupancy is 1.46 points greater than this time last year. Typical rents increased $.001 psf to $.868 psf, and are $.005 psf higher than Could 2005 levels. The market absorbed 216 units more than the month annual absorption now totals 13,468 units. Houston apartment marketplace occupancy fell .19 points more than the month to 90.57%, but has gained 3.75 points because this time final year. Rental rates gained $.001 psf in May and are up $.026 psf over the year. Absorption over the month was -477 units nonetheless, over-the-year absorption remains well in the black at 22,628 units. San Antonio occupancy decreased .31 points to 91.38%, and is up .17 points more than the year. To explore more, please have a gaze at: apartment moving companies. Rental rates posted a lower of $.002 psf over the month, but are up $.010 psf considering that May 2005. Absorption was positive for the fourth month in a row, at 243 units, while annual absorption stands at 3,792 units.. |
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