SAAA November/December 2018 RESIDENCE Magazine NOV_DEC_2018_Magazine | Page 6

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 ALN Apartment Data tracks 11K management companies with over 125K properties, comprised of over 16 million total units. We offer our clients feature-rich, user-friendly platforms to perform research with confidence, 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 6 dissemination is strictly forbidden. For ALN editorial inserts, sourcing, questions, or additional information about our services, please contact [email protected] or call 800-643-6416 x 3. November/December 2018 | www.saaaonline.org www.alndata.com NATIONWIDE MULTIFAMILY DATA