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All Texas metro markets report present overall occupancies above 90%, with Austin leading the marketplace at 93.39%. The lowest occupancy is identified in the Dallas/Fort Worth market place at 90.35%. Austin also leads the Texas markets in terms of rental prices, reporting the highest rents at $.930 per square foot (psf). Typical rents in the other metro markets are all below $.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, while the Houston and Austin markets posted negative figures.

Austin Market occupancy dropped .07 points over the month, however at 93.39%, occupancy remains two.ten points greater than in April of 2005. Typical rents are at the moment at $.930 psf and are $.002 psf greater than last month and final 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 Market 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 average rents have remained flat over the last couple of months at $.867 psf, they are $.003 psf higher than the rate noticed at this time final 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 4.29 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 over 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 prices are up slightly over the month, $.001 psf, to $.817 psf, which is $.012 psf greater than final 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. engine repair dallas dallas auto service oil change dallas