• The San Antonio multifamily sector metrics continued to be positive in June.
  
  
• Occupancy improved by close to 0.1% overall with Class A and Class C properties recording increases. Occupancy in Class A properties stood at 94.8%, second to only to Austin.
  
  
• Average rental rates per square foot improved slightly for Class A properties while remaining unchanged for the other classes. The average rental rate per unit went up for all classes, with the Class A average recording an increase of $0.75 compared to the previous month’s figure.
  
  
• Overall absorption was positive with only Class D properties recording negative net absorption. Absorption for Class A properties was positive 181 units.
  
  
• Two of the five projects currently under construction are pre-leasing, which represents 25% of the 1,338 units in the pipeline.
  
  

San Antonio Apartment Market Key Metrics

Occupancy	91.67%
Monthly Change	+ 0.09%
Annual Change	+ 1.52%

Rent / Unit	$711.39
Monthly Change	+ $0.34
Annual Change	+ $11.46

Rent / SF	$0.88
Monthly Change	+ $0.01
Annual Change	+ $0.01

Absorption in the San Antonio sector in June was positive 473, while annual absorption totals positive 2,811 units. 952 units are in the planning stage.

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