The Corpus Christi MSA’s average market rent has grown 11.48 percent over a four-year span, or $662 per unit to $738 per unit, from 4Q 2007 to 4Q 2011.
The average occupancy during the same time period was 92.7 percent, with a low of 90.8 percent in 4Q 2009 and a high of 93.8 percent in 4Q 2011.
At the end of 2011, the Corpus Christi MSA was reporting an average occupancy of 93.8 percent, a slight improvement from 2Q 2011 reported occupancy of 93.5 percent.
Average market rent for the entire MSA was $738 per unit, or $0.89 psf., with units averaging 826 sf.
Read more...Corpus Christi multifamily 4Q 2011 via Texas A&M Real Estate Center
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