|
AUSTIN
OCCUPANCY RATES HOLD STEADY; AUSTIN RENTAL RATES INCREASE
Apartment
occupancy rates dropped in all but one of the five major Texas
markets for the year ending October 2006. The exception was
Austin apartment occupancy rates rates have held steady at 93.7
percent. According to Carrollton-based ALN Apartment Data,
Houston dropped the farthest, going from 92.9 percent to 90.4
percent (a 2.7 percent drop).
Rental rates, on
the other hand, increased in all markets. Austin had the
largest increase for the year, up from $731 to $773 (5.7 percent
increase). Dallas had the smallest, going from $731 to $750 (2.6
percent).
COURTESY OF
Real Estate Center Online News (RECON)
December 1, 2006
|
