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O'CONNOR REAL ESTATE EVENTS |
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- Office Forecast Luncheon
November 18th, 11:30 a.m. - 1:00 p.m.
Location:
Courtyard on St. James, 1885 St. James Place, Houston
Speakers:
Scott Ison, Axis Tenant Advisors
Jon Silberman, NAI Houston
Register Now!
- Apartment Forecast Luncheon
December 9th, 11:30 a.m. - 1:00 p.m.
Location:
Courtyard on St. James, 1885 St. James Place, Houston
Speakers:
Ed Nwokedi, Cushman & Wakefield of Texas, Inc.
Craig LaFollette, Holliday Fenoglio Fowler, L.P.
Register Now!
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Austin Apartment Market Update - July 2007August 16, 2007
Austin Apartment Market Update - July 2007
Click here for graphs and a PDF version of this article.
Occupancy in the Austin market fell for the third consecutive month; however, Austin occupancy remains the highest of any major Texas market. Austin average rental rates increased another $0.002 psf in July, and are the highest in the state. With -189 units absorbed over the month, Austin was the only major Texas market to post negative absorption.
Austin apartment market occupancy was down 0.25 points in July and is down 0.03 points over the year to 92.73%. Average rents per square foot reported a $0.002-psf monthly gain to $0.960 psf, and are up $0.028 psf since this time last year. Average rent per unit increased $1.49 in July to $800.44, bringing the annual increase to $23.82. After five consecutive months of positive figures, monthly absorption was in the red at -189 units. Despite the negative figure, annual absorption remains in the black, at 1,886 units.
ApartmentLink is your best source for apartment market data in Houston, Dallas/Ft. Worth, Austin and San Antonio. With information on owners, occupancy, rent, ammenities, detailed property information, comparable information, and much more, ApartmentLink provides vital apartment information for on-site managers, vendors, brokers, owners and investors. The database is available online at oconnordata.com.
Ask about your FREE 10-Day trial for the most accurate online Texas apartment data today! Click here to sign up or contact Heather Wiesner at 713-375-4262.
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