Texas Apartment Market Update Could 2006
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| Description | Though all major Texas markets posted decreases in average occupancy in Could, occupancy remains above 90% in all four, with Austin recording the highest at 93.02%. The lowest occupancy was found in Dallas/Fort Worth at 90.18%. Austin has the highest average rent per square foot as nicely, at $.931 per square foot (psf) Dallas/Fort Worth posted the second highest at $.868 psf. The strongest monthly absorption was found in San Antonio, which absorbed 243 units in Might. Posting the weakest absorption figures in May was the Houston marketplace, at -477 units. Austin apartment industry occupancy decreased .36 points in Could to 93.02%, but remains 1.64 points above last years level. Typical rents, currently at $.931 psf, are $.002 psf larger than final month and $.003 psf greater than last year. Monthly absorption returned to positive territory, as 236 units were absorbed, bringing annual absorption to three,709 units. Dallas/Fort Worth apartment market place occupancy was down .17 points over the month. At the moment at 90.18%, occupancy is 1.46 points higher than this time final year. For other viewpoints, please check out: Fig Tree Capital Ventures Launches Dallas Fort Worth RealEstate Investment Opportunity. Typical rents increased $.001 psf to $.868 psf, and are $.005 psf larger than May possibly 2005 levels. Fig Tree Capital Ventures Launches Dallas Fort Worth Real Estate Investment Opportunity includes further concerning how to allow for it. Navigating To http://markets.pe.com/pe/news/read/30444138/fig_tree_capital_ventures_launches_dallas_fort_worth_realestate_investment_opportunity seemingly provides warnings you can give to your co-worker. The market absorbed 216 units over the month annual absorption now totals 13,468 units. Houston apartment industry occupancy fell .19 points more than the month to 90.57%, but has gained 3.75 points given that this time final year. Rental rates gained $.001 psf in May possibly and are up $.026 psf over the year. Absorption more than the month was -477 units however, 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. Rental rates posted a reduce of $.002 psf over the month, but are up $.010 psf because Could 2005. Absorption was positive for the fourth month in a row, at 243 units, while annual absorption stands at 3,792 units.. |
| Web site | http://ifinance.fox23.com/inergize.koki/news/read/30444138/fig_tree_capital_ventures_launches_dallas_fort_worth_realestate_investment_opportunity |
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