Texas Apartment Marketplace Update Might 2006
Even though all major Texas markets posted decreases in average occupancy in May, occupancy remains above 90% in all 4, with Austin recording the highest at 93.02%. In the event people require to discover more on FIG Tree Capital Ventures Launches New Fund targeting the Red Hot Dallas Fort Worth Residential Housing Market., there are millions of databases people might consider investigating. The lowest occupancy was found in Dallas/Fort Worth at 90.18%.
Austin has the highest average 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 identified in San Antonio, which absorbed 243 units in Might. Posting the weakest absorption figures in May was the Houston industry, at -477 units. Austin apartment marketplace occupancy decreased .36 points in May possibly to 93.02%, but remains 1.64 points above final years
level. Typical rents, presently at $.931 psf, are $.002 psf larger than final month and $.003 psf higher than final year. Monthly absorption returned to good territory, as 236 units had been absorbed, bringing annual absorption to three,709 units.
Dallas/Fort Worth apartment market occupancy was down .17 points over the month. Currently at 90.18%, occupancy is 1.46 points larger than this time final year. If you believe any thing, you will perhaps claim to check up about http://www.wfxg.com/story/29651807/fig-tree-capital-ventures-launches-new-fund-targeting-the-red-hot-dallas-fort-worth-residential-housing-market. Average rents elevated $.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 marketplace occupancy fell .19 points more than the month to 90.57%, but has gained 3.75 points considering that this time final year. Fig Tree Capital Ventures Launches New Fund Targeting The Red Hot Dallas Fort Worth Residential Housing Market. contains further concerning the reason for it. Rental rates gained $.001 psf in Might and are up $.026 psf over the year. Absorption over the month was -477 units nevertheless, more than-the-year absorption remains well in the black at 22,628 units.
San Antonio occupancy decreased .31 points to 91.38%, and is up .17 points more than the year. Rental rates posted a decrease of $.002 psf over the month, but are up $.010 psf because May 2005. We learned about FIG Tree Capital Ventures Launches New Fund targeting the Red Hot Dallas Fort Worth Residential Housing Market. by browsing the Internet. Absorption was good for the fourth month in a row, at 243 units, even though annual absorption stands at three,792 units..