Texas Apartment Market Update– May 2006

Texas Apartment Market Update– May 2006

All significant Texas markets uploaded declines in ordinary tenancy in May, tenancy continues to be over 90% in all 4, with Austin tape-recording the highest possible at 93.02%. The most affordable tenancy was discovered in Dallas/Fort Worth at 90.18%.

Austin has the greatest typical rental fee per square foot as well, at $0.931 per square foot (psf); Dallas/Fort Worth published the 2nd highest possible at $0.868 psf. Publishing the weakest absorption numbers in May was the Houston market, at -477 systems.
degree. Ordinary rental fees, presently at $0.931 psf, are $0.002 psf more than last month as well as $0.003 psf greater than in 2015. Regular monthly absorption went back to favorable region, as 236 systems were soaked up, bringing yearly absorption to 3,709 devices.

Ordinary rental fees enhanced $0.001 psf to $0.868 psf, and also are $0.005 psf greater than May 2005 degrees. The market taken in 216 systems over the month; yearly absorption currently completes 13,468 systems.

Houston home market tenancy dropped 0.19 factors over the month to 90.57%, yet has actually acquired 3.75 factors because this time around in 2014. Rental prices got $0.001 psf in May and also are up $0.026 psf for many years. Absorption over the month was -477 systems; nevertheless, over-the-year absorption stays well in the black at 22,628 systems.

San Antonio tenancy lowered 0.31 indicate 91.38%, as well as is up 0.17 factors throughout the years. Rental prices uploaded a reduction of $0.002 psf over the month, however are up $0.010 psf because May 2005. Absorption declared for the 4th month straight, at 243 devices, while yearly absorption stands at 3,792 systems.

Typical rental fees, presently at $0.931 psf, are $0.002 psf greater than last month as well as $0.003 psf greater than last year. Typical leas boosted $0.001 psf to $0.868 psf, and also are $0.005 psf greater than May 2005 degrees. Rental prices obtained $0.001 psf in May as well as are up $0.026 psf over the year. Rental prices published a reduction of $0.002 psf over the month, yet are up $0.010 psf given that May 2005.

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