San Antonio Apartment Market Continues to Outperform its Historic Norms via Property Management Insider

San Antonio’s apartment market led the nation in quarterly inventory growth in 2012’s fourth quarter, yet still turned in a solid performance in 2012. The Alamo City easily topped its long-term averages in terms of both rent growth and occupancy.

New supply emerged as the key story line in the San Antonio apartment market at the end of 2012. The Alamo City was the nation’s leader in quarterly inventory growth by adding 1,911 units, an expansion of its apartment base by 1.2%.

While San Antonio did add 1,911 units in Q4, that number will not be sustained. New supply is expected to come in just under the 3,000 mark over the course of 2013, putting new supply on par with 2012. And that’s what gives the San Antonio apartment market some upside for next year versus the other Texas apartment markets where new supply is expected to ramp up and play a bigger role in 2013.

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