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O'CONNOR REAL ESTATE EVENTS |
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- Office Forecast Luncheon
September 22, 11:30 a.m. - 1:00 p.m.
Location:
Courtyard on St. James, 1885 St. James Place, Houston
Register Now!
- Apartment Forecast Luncheon
October 20, 11:30 a.m. - 1:00 p.m.
Location:
Courtyard on St. James, 1885 St. James Place, Houston
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- Industrial Forecast Breakfast
November 17, 7:30 a.m. - 9:00 a.m.
Location:
Courtyard on St. James, 1885 St. James Place, Houston
Register Now!
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Austin Apartment Market Update - April 2007May 10, 2007
Austin Apartment Market Update - April 2007
Click here for graphs and a PDF version of the full article.
The Austin market posted another occupancy increase in April, and continues to post the highest occupancy levels of any Texas market. Rental rates also continued their upward trend, and are higher in Austin than the three other major Texas markets. However, the lowest demand of any Texas market in April was found in Austin.
Austin apartment market occupancy increased 0.08 points in April to 93.38%; however, occupancy has fallen 0.04 points since this time last year. Average rents per square foot gained $0.002 psf over the month to $0.952 psf, and have gained $0.024 psf over the past 12 months. Average rent per unit posted an increase of $2.05 in April; currently at $794.23, rent per unit is up $21.85 over the past year. April absorption was 77 units, bringing annual absorption to 1,907 units. Currently, 5,353 units are under construction in the Austin market, with 4,573 units proposed; the Downtown and Southeast submarkets are currently the most active in terms of construction.
» Read more Austin apartment trends
ApartmentLink is your best source for apartment market data in Houston, Dallas/Ft. Worth, Austin and San Antonio. With information on owners, occupancy, rent, ammenities, detailed property information, comparable information, and much more, ApartmentLink provides vital apartment information for on-site managers, vendors, brokers, owners and investors. The database is available online at oconnordata.com.
Ask about your FREE 10-Day trial for the most accurate online Texas apartment data today! Click here to sign up or contact Heather Wiesner at 713-375-4262.
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