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Category: Apartment Group

Inclusionary Zoning is Stepping In

January 20, 2017

With Class A apartment construction steadily rising in the last few years, rents have continually risen higher, and higher, so much so that one in four working renters is paying 50% or more of their income monthly. “Inclusionary Zoning” would require developers to allow for a certain number of units to be priced accordingly in […]

San Antonio Apartment Rents Trend Upward

November 18, 2016

Although rents have dropped throughout the country or flatlined, San Antonio has seen a 6.1% increase compared to this time last year according to the National Rent Report by Zumper. Luxury apartment units that have come online throughout the city have helped in boosting citywide average rental rates upward. After analyzing 100 rental markets throughout […]

Apartment Demands Continue to Rise

October 17, 2016

Oversaturation in the San Antonio multifamily market has been on everyone’s minds as construction and permits have continued to rise quarter after quarter, however economic developments in the city make it clear that the absorption for new construction will be there. According to the Marcus & Millichap report for Multifamily in the 3Q, San Antonio […]

Apartment Supply & Demand

November 26, 2012

Earlier this year, there were signs that construction would spike in 2013, in the order of 150,000 to 200,000 units.  Developers have since postponed many projects to 2014, so that 2013 figures hover closer to 130,000 units – not far off from the pre-recession 10-year annual average of around 125,000 units.  The “bubble” now shows […]

Apartments proposed for downtown Austin – Taco Cabana site

October 23, 2012

Developers have submitted plans to the city of Austin to construct a mid-rise apartment tower where a Taco Cabana currently sits on South Lamar Boulevard and West Riverside Drive. The Paggi House restaurant was initially in the plan but the owners say they’ll hold on to that spot, Austin Business Journal Editor Colin Pope told […]

San Antonio Snapshot: MultiFamily

October 19, 2012

San Antonio’s multifamily market has historically been exempt from the fluctuations typical of other Texas cities. Job growth is the most powerful force behind San Antonio’s multifamily growth.  The U.S. military has long been one of the region’s largest employers, and San Antonio has been the beneficiary of the Base Realignment and Closure (BRAC) activity, […]

Multifamily Construction is Rampant Around the Nation

February 14, 2012

Construction across America has been led by multifamily. According to Bloomberg Business News, the demand for rental properties continues to increase and multifamily construction has outpaced single family. Foreclosure on single family homes is leading to a market with less home owners and more renters. ClICK HERE TO READ MORE

San Antonio Apartment Market Does Well Absorbing Units

February 8, 2012

Multifamily in Texas is doing well. According to an ALN Apartment Data January 2012 report, all four Major Texas Cities saw an annual increase in rents. San Antonio added 2,787 units, a stunning 645.2% annual increase. Even with the addition of these units, San Antonio only saw a 0.1% decrease in occupancy levels. CLICK HERE […]

Multifamily Still Hot in 2012

February 7, 2012

Multifamily was strong in 2011. Financing was available relative to other property types, rents increased, and vacancies decreased. Demand for multifamily increased at a faster rate than supply, putting a smile on the faces of apartment owners throughout the nation. Overall, multifamily outperformed all other commercial real estate product types and, according to Barbra Murray […]

LIHTC Apartment Update

September 21, 2011

In Austin, Apartment Realty Advisors principal Dave Fournier tells us affordable housing occupancy is particularly tight for the LIHTC properties that serve tenants at 30% of area median income and where average market rents are high (i.e. Chicago). In other words, renters are downgrading asset classes and driving up demand for affordable housing. All of […]

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