MaryellenTribble844

All Texas metro markets report current general occupancies above 90%, with Austin leading the market 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). 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 good monthly absorption, although the Houston and Austin markets posted unfavorable figures.

Austin Marketplace occupancy dropped .07 points more than the month, nonetheless at 93.39%, occupancy remains two.ten points higher than in April of 2005. Typical rents are presently at $.930 psf and are $.002 psf larger than last month and last year's figures. Absorption dipped into the red this month, as -109 units were absorbed. Annual absorption stands at three,589 units.

Dallas/Fort Worth Market place occupancy is up .03 points over the month to 90.35%, and is 1.70 points above last year's level. Despite the fact that typical rents have remained flat more than 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 Marketplace occupancy fell .27 points to 90.73% more than the month. General occupancy remains four.29 points greater than April 2005's level. Rental rates inched up $.003 psf more than the month and are up $.027 psf more than the year to $.824 psf, even though 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. ft. worth brakes tire rotation fort worth transmission replacement