Texas Apartment Market place

SEnuke: Ready for action

All Texas metro markets report existing overall occupancies above 90%, with Austin leading the industry at 93.39%. The lowest occupancy is discovered in the Dallas/Fort Worth market at 90.35%. Be taught extra resources on a related link - Click here: texas online university. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $.930 per square foot (psf). Average rents in the other metro markets are all below $.870 psf. Monthly absorption was strongest in the Dallas/Ft. Worth marketplace, as 641 units had been absorbed in April. San Antonio also posted positive monthly absorption, while the Houston and Austin markets posted unfavorable figures.

Austin Market occupancy dropped .07 points more than the month, nevertheless at 93.39%, occupancy remains two.10 points greater than in April of 2005. Typical rents are at present at $.930 psf and are $.002 psf larger than final month and final year's figures. Absorption dipped into the red this month, as -109 units were absorbed. Annual absorption stands at three,589 units.

Dallas/Fort Worth Marketplace occupancy is up .03 points more than the month to 90.35%, and is 1.70 points above last year's level. Although typical rents have remained flat more than the last couple of months at $.867 psf, they are $.003 psf higher than the rate seen at this time last year. Monthly absorption of 641 units brings annual absorption up to 13,575 units.

Houston Marketplace occupancy fell .27 points to 90.73% more than the month. General occupancy remains four.29 points higher than April 2005's level. To research additional information, consider peeping at: company website. Rental rates inched up $.003 psf more than the month and are up $.027 psf more than the year to $.824 psf, whilst monthly absorption was -323 units. Absorption more than the last twelve months is at 24,542 units.

San Antonio occupancy, at 91.69%, gained .08 points over the month and .47 points over the year. Rental rates are up slightly over the month, $.001 psf, to $.817 psf, which is $.012 psf higher than final year's figure. This is the third consecutive month of good absorption, as 237 units had been absorbed in April. Annual absorption totals 3,473 units..