SAAA March/April 2019 Residence Magazine MAR_APR_2019_Magazine - Page 35

San Antonio, TX End of January, 2019 General Overview Conventional Properties Jan 2019 Annual Chg Occupancy 89.1 +0.4% Unit Change 6,591 Units Absorbed (Annual) 6,521 Average Size (SF) 847 +0.2% $1,008 +4.1% Asking Rent per SF $1.19 +3.8% Efective Rent $988 +4.8% Efective Rent per SF $1.17 +4.5% % Ofering Concessions 30% -16.1% Avg. Concession Package 5.9% -6.9% Asking Rent Market Breakdown Property Type % of # # Market Props Avg Units Occ. Average Rent SF Mkt Rent Concessions Ef Props Ofering Avg Package Conventional 80% 966 175,156 89.1% 847 $1,008 $988 30.1% 5.9% Afordable 14% 243 30,893 92.7% 906 $782 $778 8.7% 4.9% Senior Living 4% 100 9,175 84.7% 863 $1,598 $1,580 11.1% 10.4% Student Housing 2% 20 3,945 95.1% 1,204 $1,817 $1,816 6.3% 0.9% 1,329 219,169 Totals Top 5 Submarkets Occupancy Annual Change Jan-19 Change Boerne - Comfort 93.5% 41.5% La Cantera - Dominion - The Rim - Camp Bullis 82.1% 13.4% Greater New Braunfels 87.4% 10.9% Alamo Heights - Terrell Hills - Olmos Park 91.0% 3.2% Woodlawn - Saint Mary's University 92.6% 3.1% Efective Rent ains Jan-19 Change Woodlawn - Saint Mary's University $734 8.3% Southwest - Lackland $720 7.6% Southeast - China Grove $833 6.7% Greater Shavano Park - Elm Creek $1,057 6.2% Northwest - Helotes - Grey Forest $1,046 5.7% New Units ALN Apartment Data tracks 11K management companies with over 125K properties, comprised of over 16 million total units. We ofer our clients feature-rich, user-friendly platforms to perform research with confdence, and our comprehensive services are available nationwide. Copyrights: All data, information and material provided through ALN Platforms or Reports are copyrighted. All resales, redistribution, or other forms of dissemination is strictly forbidden. For ALN editorial inserts, sourcing, questions, or additional information about our services, please contact Sales@alndata.com or call 800-643-6416 x 3. www.alndata.com NATIONWIDE MULTIFAMILY DATA www.saaaonline.org | March/April 2019 35