JULY 2015
Market Line - SAN ANTONIO
SAN ANTONIO
OVERVIEW
Occupancy: 91.8%
Price: 855 $/mo
Rental Rate: 101.3 c/sf/mo
Size: 844 sf
Past 12 Months:
3.5% Rental Rate growth
5,791 units absorbed
Operating Supply:
805 communities
166,353 units
Recently Opened (12 mo):
19 communities
5,076 units
The box on the left
displays a snapshot
of the current market
conditions.
The graph on the right
displays
the
overall
occupancy and effective
rental rates over the
past 24 months. These
statistics are derived from
a continuous survey of all
apartment communities.
The effective rental rates
are calculated net of
concessions and utility
adjustments.
The table below lists the
5 hottest submarkets
in the Greater Houston
area. There are a total
of 39 submarkets, and
the ranking is based on
the best combination of
rental rate growth and
absorption over the past
3 months.
Under Construction:
17 communities
4,657 units
Proposed Construction:
21 communities
5,690 units
History of Effective Price & Occupancy
92
875
850
91
825
90
800
775
J A S O N D J F M A M J J A S O N D J F M A M J
2013
2014
2015
Price ($/mo)
Occupancy %
The table below distributes and analyzes concessions (specials) by
classification. Concessions generally are represented by three types of
specials: move-in, months free, or floorplan. ADS captures the effect of
these specials and prorates them over a lease term to arrive at a percentage
reduction in market or street rents.
HOTTEST SUBMARKETS
CONCESSIONS
Over The Past 3 Months
Rank Submarket
1
UTSA/La Cantera/Bandera Rd
2
Boerne/Kerrville
3
New Braunfels/Seguin
4
Brooks AFB/I-10E
5
Medical Center/USAA/Leon Valley
89
Annualized % of Mkt
Growth % Absorbed
9.4%
2.5%
22.8%
1.1%
7.3%
0.9%
4.0%
1.4%
4.4%
1.1%
Class
Total Units
% of
Citywide
w/ Concessions Total Units Effect
ALL
54,091
33%
-1.5%
A
15,849
35%
-1.8%
B
18,574
35%
-1.4%
C
14,896
29%
-1.3%
D
4,772
27%
-1.7%
Other Texas Markets
HOUSTON
DALLAS/FT WORTH
AUSTIN
Occupancy: 91.4%
Price: 963 $/mo
Rental Rate: 109.8 c/sf/mo
Size: 877 sf
Occupancy: 93.3%
Price: 945 $/mo
Rental Rate: 108.9 c/sf/mo
Size: 868 sf
Occupancy: 91.8%
Price: 1,117 $/mo
Rental Rate: 128.4 c/sf/mo
Size: 870 sf
Past 12 Months:
5.5% Rental Rate growth
15,103 units absorbed
Past 12 Months:
6.2% Rental Rate growth
17,902 units absorbed
Past 12 Months:
4.9% Rental Rate growth
8,893 units absorbed
Operating Supply:
2,578 communities
598,074 units
Operating Supply:
2,782 communities
634,415 units
Operating Supply:
829 communities
189,624 units
Average
Special
-4.5%
-4.8%
-4.1%
-4.2%
-6.3%
Apartment Data Services, LLC
(ADS)
has
been
providing
apartment data and marketing
products since 1986. ADS covers
Texas’ four largest metro areas
and provides real time access
for property specific information,
market surveys and historic
submarket data for over 1.6 million
apartment units.
Bruce McClenny
President
800.595.8730