DominicaLopes614
All Texas metro markets report present overall occupancies above 90%, with Austin major the industry at 93.39%. The lowest occupancy is discovered in the Dallas/Fort Worth market place at 90.35%. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $.930 per square foot (psf). Typical rents in the other metro markets are all beneath $.870 psf. Monthly absorption was strongest in the Dallas/Ft. Worth marketplace, as 641 units had been absorbed in April. San Antonio also posted positive monthly absorption, whilst the Houston and Austin markets posted negative figures.
Austin Market place occupancy dropped .07 points over the month, nevertheless at 93.39%, occupancy remains 2.10 points higher than in April of 2005. Average rents are at present at $.930 psf and are $.002 psf larger than final month and final year's figures. Absorption dipped into the red this month, as -109 units were absorbed. Annual absorption stands at 3,589 units.
Dallas/Fort Worth Market place occupancy is up .03 points more than the month to 90.35%, and is 1.70 points above final year's level. Although average rents have remained flat over the last few 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% over the month. Overall occupancy remains four.29 points higher than April 2005's level. Rental rates inched up $.003 psf more than the month and are up $.027 psf over the year to $.824 psf, whilst 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 over the month and .47 points over the year. Rental rates are up slightly more than the month, $.001 psf, to $.817 psf, which is $.012 psf larger than final year's figure. This is the third consecutive month of good absorption, as 237 units were absorbed in April. Annual absorption totals three,473 units.Kenichi Austin 419 Colorado St Austin, TX 78701 (512) 320-8883 kenichi austin
