(Entertainment-NewsWire.com, July 29, 2013 ) Ontario, Canada -- According to the latest analysis by Austin-based research firm Austin Investor Interests LLC, the overall occupancy rate for San Antonio apartments has been standing at 93 percent, a good rise since the apartment rental recession in the last few years.
As it stands, the average asking rental rate is 96 cents per square foot, but rentals could be on the rise. Austin Investor reports that average apartments rents are expected to rise as high as $1 per square foot just within the year.
Over the next year, construction companies are turning dirt for more than 8,800 more apartments to be available in the city, with construction to begin adding 5,5000 of those over the next 12 months.
While this comes as no surprise, to those seeing developers garnish the city with new construction everyday, most of the new buildings will be focused in the outlying areas. The full Apartment Trends report can be found on the Austin Investor Interests company’s website.
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