Healthy apartment demand underpinned positive net absorption of 1,640 units in third quarter 2012, according to Hendricks & Partners.
There are more than 5,725 units under construction, as there are significant deliveries slated over the next several years.
Although there is sizeable supply growth, vacancy rates are currently at tight levels. The 3Q 2012 vacancy rate of 2.4 percent is less than half the 5.3 percent recorded in September of last year.
Read more...San Antonio apartments 3Q 2012: Hendricks & Partners via Real Estate Center at Texas A&M University
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