SAAA May/June Residence Magazine MAY_JUNE_2018_Magazine - Page 35

SAN ANTONIO MARKET INFORMATION San Antonio, TX End of March, 2018 General Overview Occupancy Mar 2018 88.7 Unit Change 4,322 Units Absorbed (Annual) 4,727 Conventional Properties Average Size (SF) Annual Chg +0.6% 845 +0.5% Asking Rent $974 +2.4% Asking Rent per SF $1.15 +1.9% Efective Rent $950 +2.2% Efective Rent per SF $1.12 +1.7% % Ofering Concessions 35% +2.0% Ave. Concession Package 6.3% +6.8% Market Breakdown Property Type # Units Occ. Avg SF Avg Mkt Rent Avg Ef Rent Avg % Discount Conventional % of Market # Properties 83% 877 168,021 89.0% 845 $974 $950 6.2% Afordable 12% 153 23,929 92.8% 897 $761 $758 5.7% Senior Living 4% 68 7,266 85.6% 863 $1,501 $1,489 3.2% Student Housing 2% 19 3,951 89.1% 1,198 $1,819 $1,814 2.1% 1,117 203,167 Totals Top 5 Submarkets Occupancy Annual Change Mar-18 Change South Central 90.9% 17.4% La Cantera - Dominion - The Rim - Camp Bullis 75.0% 4.6% Northeast - Universal City - Live Oak - Shertz 92.6% Stone Oak - Sonterra Seguin Efective Rent ains Mar-18 Change $964 8.4% Downtown - Riverwalk - King William $1,419 7.5% 4.6% Greater New Braunfels $1,155 4.8% 92.7% 3.3% Marymont - San Antonio Airport $802 4.4% 92.9% 2.3% Kerrville $801 4.2% Seguin 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 | May/June 2018 35