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Texas  + San Antonio  + Apartments  | 
San Antonio apartment metrics take a dip

San Antonio Multifamily Metrics Dip

San Antonio multifamily market fundamentals have begun to soften, especially in transaction and new construction volume. According to a Yardi Matrix survey, the metro’s rent movement was negative for four consecutive months, down 0.3 percent on a trailing three-month basis through March to an overall average of $1,274. The rate trailed the U.S. figure, which remained flat, at $1,706.

The occupancy rate in stabilized properties also fell 170 basis points in the 12 months ending in February, to 93.0 percent.

Deliveries through March were scarce, with just 78 units in one fully affordable community coming online, but the construction pipeline had 16,000 units underway, 8,455 of which Yardi Matrix forecasts will be completed by year-end. Meanwhile, investors traded just $176 million in multifamily assets, coming in at just over $100,000 for an average price per unit.


Inside The Story

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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    San Antonio, TXTexas + Garden Style
    Listing Status:Available
    Listing Type:Highest & best offer
    No. of Units:154
    Average Occupancy:97
    Year Built:1965
    Building Size:102811 Sq ft
    Lot Size:4.88 Acres
    No. of Stories:2
    Opportunity Zone:No
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  • The Pointe Apartments

    Lubbock, TXTexas + Apartments
    Listing Status:Available
    No. of Units:90
    Year Built:1973
    Building Size:76167 Sq ft
    No. of Stories:3
    Opportunity Zone:Yes
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  • ◦Economy
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