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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
Register Now!
- 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 - May 2007June 12, 2007
Austin Apartment Market Update - May 2007
Click here for graphs and a PDF version of the full article.
Occupancy in the Austin market decreased in May; however, Austin occupancy remains the highest of any Texas market. Rental rates continued to climb, and are also the highest in the state. Monthly absorption in the Austin market was once again softer than the three other major Texas markets.
Austin apartment market occupancy fell 0.29 points in May to 93.09%; however, occupancy has gained 0.02 points over the last year. Average rents per square foot increased $0.003 psf over the month to $0.955 psf, and are up $0.026 psf since this time last year. Average rent per unit gained $2.39 in May to $796.63, bringing the annual increase to $22.01. The market absorbed 61 units in May, and has posted absorption of 1,711 units over the past 12 months.
» 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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