Apartment construction in the San Antonio area continues to gain steam, but occupancy rates remain steady. So far this year, nearly 4,200 apartments were added to the local market, according to data from Austin Investor Interests.
Currently, about 8,800 units under construction haven't been added to the inventory and another 6,900 units are expected to start in the next year.
During third quarter 2013, 1,460 units were added — a 41 percent jump compared to the same period last year.
Read more...San Antonio multifamily market sees gains via Real Estate Center at Texas A&M