AlexLafontaine374

2012-08-21T02:44:39Z

AlexLafontaine374: Created page with 'All Texas metro markets report existing overall occupancies above 90%, with Austin top the market at 93.39%. The lowest occupancy is found in the Dallas/Fort Worth marketplace at…'

All Texas metro markets report existing overall occupancies above 90%, with Austin top the market at 93.39%. The lowest occupancy is found in the Dallas/Fort Worth marketplace 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 were absorbed in April. San Antonio also posted good monthly absorption, whilst the Houston and Austin markets posted negative figures.

Austin Market place occupancy dropped .07 points more than the month, even so at 93.39%, occupancy remains 2.ten points higher than in April of 2005. Typical rents are currently at $.930 psf and are $.002 psf greater than last month and last year's figures. Absorption dipped into the red this month, as -109 units had been absorbed. Annual absorption stands at 3,589 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 last few months at $.867 psf, they are $.003 psf greater than the rate noticed at this time last year. Monthly absorption of 641 units brings annual absorption up to 13,575 units.

Houston Market occupancy fell .27 points to 90.73% over 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, while monthly absorption was -323 units. Absorption over 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 more than the month, $.001 psf, to $.817 psf, which is $.012 psf larger than last 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. [http://fortworth.citygaragedfw.com/engine-repair/ city garage] [http://fortworth.citygaragedfw.com/oil-change/ oil change fort worth] [http://fortworth.citygaragedfw.com/engine-repair/ engine replacement fort worth]

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AlexLafontaine374