San Antonio, TX
End of September, 2018
General Overview
Sep
2018 Annual Chg
Occupancy 90.2 +1.4%
Unit Change 4,947 Units Absorbed (Annual) 6,476
Conventional Properties
Average Size (SF)
844 +0.1%
Asking Rent $998 +3.2%
Asking Rent per SF $1.18 +3.0%
Effective Rent $977 +3.4%
Effective Rent per SF $1.15 +3.2%
% Offering Concessions 33% +2.5%
Ave. Concession Package 5.6% -6.3%
Market Breakdown
Property Type
% of Market # Properties # Units Occ. Avg SF Avg Mkt Rent Avg Eff Rent Avg % Discount
Conventional 83% 891 170,743 90.3% 845 $997 $977 5.5%
Affordable 12% 155 24,239 92.9% 898 $789 $787 3.1%
Senior Living 4% 72 7,760 87.1% 862 $1,605 $1,594 8.3%
Student Housing 2% 19 3,869 93.4% 1,194 $1,862 $1,831 10.4%
1,137 206,611
Totals
Top 5 Submarkets
Occupancy Annual Change
Sep-18 Change Sep-18 Change
Boerne - Comfort 91.0% 16.1%
Effective Rent Gains
Southeast - China Grove $834 5.9%
La Cantera - Dominion - The Rim - Camp Bullis 84.7% 12.5% Windcrest - Converse - Randolph $847 5.7%
Southwest - Lackland 93.8% 8.5% Balcones Heights - Jefferson $762 4.6%
Southeast - China Grove 91.0% 4.9% Medical Center - East of Babcock $912 4.5%
Alamo Heights - Terrell Hills - Olmos Park 92.5% 4.3% Medical Center - West of Babcock $913 4.4%
New Units
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November/December 2018 | www.saaaonline.org
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