CavinCarleton653

All Texas metro markets report present overall occupancies above 90%, with Austin top the market place at 93.39%. The lowest occupancy is located in the Dallas/Fort Worth marketplace at 90.35%. Austin also leads the Texas markets in terms of rental rates, reporting the highest rents at $.930 per square foot (psf). Average rents in the other metro markets are all below $.870 psf. Monthly absorption was strongest in the Dallas/Ft. Worth market, as 641 units were absorbed in April. San Antonio also posted positive monthly absorption, even though the Houston and Austin markets posted unfavorable figures.

Austin Marketplace occupancy dropped .07 points more than the month, however at 93.39%, occupancy remains 2.10 points larger than in April of 2005. Typical rents are presently at $.930 psf and are $.002 psf greater than last month and last year's figures. Absorption dipped into the red this month, as -109 units were absorbed. Annual absorption stands at 3,589 units.

Dallas/Fort Worth Industry occupancy is up .03 points more than the month to 90.35%, and is 1.70 points above last year's level. Although average rents have remained flat more than the last couple of 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 Market place occupancy fell .27 points to 90.73% over the month. General occupancy remains 4.29 points larger 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, 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 more than the month and .47 points over the year. Rental rates are up slightly more than the month, $.001 psf, to $.817 psf, which is $.012 psf greater than last year's figure. This is the third consecutive month of good absorption, as 237 units were absorbed in April. Annual absorption totals three,473 units. oil change fort worth auto air conditioning repair fort worth new brakes fort worth