Although all key 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 identified in Dallas/Fort Worth at 90.18%.
Austin has the highest common 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 located in San Antonio, which absorbed 243 units
in May. Posting the weakest absorption figures in Might was the Houston
market place, at -477 units. Austin apartment industry occupancy decreased .36 points in Could
to 93.02%, but remains 1.64 points above last years
level. Common rents, at the moment at $.931 psf, are $.002 psf greater than final
month and $.003 psf larger than final year. Monthly absorption returned to positive territory, as 236 units were
absorbed, bringing annual absorption to three,709 units exhaust systems investigation .
Dallas/Fort Worth apartment industry occupancy was down .17 points over the month. Currently at 90.18%, occupancy is 1.46 points higher than this time last year. Common rents
improved $.001 psf to $.868 psf, and are $.005 psf higher than May possibly 2005 levels. The
marketplace 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 three.75
points given that this time final year. Rental rates gained $.001 psf in May and are up
$.026 psf over the year. Absorption more than the month was -477 units however, over-the-
year absorption remains properly in the black at 22,628 units.
San Antonio occupancy decreased .31 points to 91.38%, and is up .17 points over the year. Rental rates posted a reduce of $.002
psf more than the month, but are up $.010 psf given that May possibly 2005. Absorption was
positive for the fourth month in a row, at 243 units, although annual absorption stands at 3,792 units.The Staging
Guy
7310 Manchaca Rd
Austin, TX 78715
(512) 537-4489
