Since March, metrowide deliveries totaled 2,580 apartments, twice the number of completions from March to September of last year, according to Hendricks-Berkadia.
Also during this time, the vacancy rate rose 50 basis points to 6.2 percent as completions outpaced absorption.
From March to September of last year, 3,310 apartments were absorbed. During the same period this year, leasing demand dropped by nearly 50 percent to 1,660 newly occupied units.
Read more...San Antonio apartments 3Q 2013: Hendricks-Berkadia via Real Estate Center at Texas A&M