Texas Apartment Market

Texas Apartment Market

All Texas city markets report present general tenancies over 90%, with Austin leading the market at 93.39%. Austin likewise leads the Texas markets in terms of rental prices, reporting the highest possible leas at $0.930 per square foot (psf). Ordinary leas in the various other city markets are all listed below $0.870 psf.

Austin Market tenancy went down 0.07 factors over the month, nonetheless at 93.39%, tenancy continues to be 2.10 factors greater than in April of 2005. Ordinary leas are presently at $0.930 psf and also are $0.002 psf greater than last month as well as last year’s numbers.

Dallas/Fort Worth Market tenancy is up 0.03 factors over the month to 90.35%, and also is 1.70 factors over in 2014’s degree. Typical rental fees have actually stayed level over the last couple of months at $0.867 psf, they are $0.003 psf greater than the price seen at this time last year. Month-to-month absorption of 641 devices brings yearly absorption as much as 13,575 devices.

Houston Market tenancy dropped 0.27 factors to 90.73% over the month. Rental prices inched up $0.003 psf over the month and also are up $0.027 psf over the year to $0.824 psf, while month-to-month absorption was -323 devices.

San Antonio tenancy, at 91.69%, acquired 0.08 factors over the month and also 0.47 factors over the year. Rental prices are up a little over the month, $0.001 psf, to $0.817 psf, which is $0.012 psf greater than last year’s number.

All Texas city markets report existing total tenancies over 90%, with Austin leading the market at 93.39%. Austin likewise leads the Texas markets in terms of rental prices, reporting the highest possible leas at $0.930 per square foot (psf). Typical leas in the various other city markets are all listed below $0.870 psf. Austin Market tenancy went down 0.07 factors over the month, nonetheless at 93.39%, tenancy continues to be 2.10 factors greater than in April of 2005.

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