San Antonio Real Estate Trends is prepared for investors, lenders, brokers, developers, management companies and other industry professionals to provide transaction data and insights into market trends. The newsletter covers significant transactions and economic and financial news for Multifamily, Retail, Office, Industrial, Single-family and Vacant land.
Apartment market occupancy in San Antonio stood at 90.99% in April 2014, a decrease of 0.11% compared to the adjusted figure for the previous month, according to www.oconnordata.com, O’Connor & Associates data. Overall rents stood at $0.948 per square foot, which represented an increase of $0.001, when compared to March 2014. Rental rates increase by $0.004 per square foot for Class C properties and by $0.001 per square foot for Class A properties. Rental rates remained an unchanged figure for Class B & D properties when compared to previous month. Pre-leasing is currently underway for five communities (1,475), out of the 23 total properties (5,756 units) which are in the construction pipeline city-wide.
Read more...San Antonio Real Estate Trends - May 2014
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