Here's the Latest on the San Antonio
Multifamily Market!



 
AS of June 30, 2020
 
 
 
David
We continue to update you on the impact of Covid 19 for San Antonio as of June 30, 2020! Please find our update to rents (by class and historical performance) and absorption.

Please feel free to contact me for further information or to discuss any of the charts in this presentation.
 
 
 
 
Figure 1 - The San Antonio apartment market has gained back some rental footing in June. During April and May, the overall rent level dropped by a total of $5. In June, overall rent moved up by $2. These rent movements keep the overall rent level $3 or -0.3% below those of March when the pandemic locked-down the economy.
 
 
 
 
Figure 2 - Recent spikes of the virus, throughout Texas, potentially pose a threat to June’s gains in rent and absorption. July will be another month to see how the economic slowdown impacts apartment market movements.
 
 
 
 
Figure 3 - The June bounce in rent was fueled by 862 units of absorption which is more comparable to those of June from previous years. This more traditional absorption performance most likely contains some pent-up demand from April and May.
 
 


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