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Texas Apartment Industry

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All Texas metro markets report current overall occupancies above 90%, with Austin leading the market at 93.39%. The lowest occupancy is found in the Dallas/Fort Worth market place at 90.35%. Learn additional information on this partner web resource by browsing to texas online colleges. Dig up further on our affiliated article directory by going to best universities in texas on-line. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $.930 per square foot (psf). Typical rents in the other metro markets are all below $.870 psf. Monthly absorption was strongest in the Dallas/Ft. Worth market, as 641 units had been absorbed in April. San Antonio also posted positive monthly absorption, even though the Houston and Austin markets posted unfavorable figures.

Austin Market place occupancy dropped .07 points more than the month, however at 93.39%, occupancy remains two.10 points higher than in April of 2005. Typical rents are currently at $.930 psf and are $.002 psf greater than last month and final year's figures. Absorption dipped into the red this month, as -109 units were absorbed. Annual absorption stands at 3,589 units.

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

Houston Market occupancy fell .27 points to 90.73% over the month. General occupancy remains 4.29 points greater than April 2005's level. Browsing To this site possibly provides suggestions you should tell your aunt. Rental rates inched up $.003 psf more than the month and are up $.027 psf over the year to $.824 psf, even though 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 more than 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 larger than last year's figure. This is the third consecutive month of good absorption, as 237 units were absorbed in April. Annual absorption totals 3,473 units.. To research additional info, people should have a glance at: partner sites.

 

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