Texas Apartment Market place

All Texas metro markets report present overall occupancies above 90%, with Austin major the marketplace at 93.39%. The lowest occupancy is discovered in the Dallas/Fort Worth market at 90.35%. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $.930 per square foot (psf). Average rents in the other metro markets are all beneath $.870 psf.japanese steakhouse austin Monthly absorption was strongest in the Dallas/Ft. Worth market place, as 641 units were absorbed in April. San Antonio also posted positive monthly absorption, whilst the Houston and Austin markets posted unfavorable figures. Austin Market occupancy dropped .07 points over the month, even so at 93.39%, occupancy remains two.ten points higher than in April of 2005. Average rents are at the moment at $.930 psf and are $.002 psf higher than last month and final year's figures. Absorption dipped into the red this month, as -109 units had been absorbed. Annual absorption stands at three,589 units. Dallas/Fort Worth Marketplace occupancy is up .03 points over the month to 90.35%, and is 1.70 points above last year's level. Although typical rents have remained flat over the final handful of months at $.867 psf, they are $.003 psf greater than the rate seen at this time last year. Monthly absorption of 641 units brings annual absorption up to 13,575 units. Houston Industry occupancy fell .27 points to 90.73% more than the month. General occupancy remains 4.29 points higher than April 2005's level. Rental rates inched up $.003 psf over the month and are up $.027 psf more than the year to $.824 psf, even though monthly absorption was -323 units. Absorption more than the last twelve months is at 24,542 units. San Antonio occupancy, at 91.69%, gained .08 points more than the month and .47 points more than the year. Rental rates are up slightly over the month, $.001 psf, to $.817 psf, which is $.012 psf greater than final year's figure. This is the third consecutive month of good absorption, as 237 units had been absorbed in April. Annual absorption totals three,473 units.