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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 - June 2007July 9, 2007
Austin Apartment Market Update - June 2007
Click here for graphs and a PDF version of this article.
Occupancy in the Austin market decreased once again during June; however, Austin occupancy remains the highest of any major Texas market. Rental rates continued to climb, and are also the highest in the state. Monthly absorption in the Austin market, while positive, was once again not as strong as the three other major Texas markets.
Austin apartment market occupancy fell 0.11 points in June to 92.98%; however, occupancy has gained 0.54 points over the last year. Average rents per square foot continued to increase $0.003 psf over the month to $0.958 psf, and are up $0.027 psf since this time last year. Average rent per unit gained $2.32 in June to $798.95, bringing the annual increase to $22.89. The market absorbed 115 units in June, and has posted absorption of 1,826 units over the past 12 months.
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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