GENERAL INFORMATION: 2010 Multi-Family Information

Texas Apartment Information & How it affects you

WHERE..................# Units.....Avg $..Occupancy%

Apartments in Houston.....570k.....708.........84.3%

Apartments in DFW.........576k.....726.........86.9%

Apartments in San Antonio.144k.....691.........87.7%

Apartments in Austin......159k.....814.........89.0%

You might ask "how does it affect me"? Well...

• The lower the occupancy, the lower the rent
• The lower the occupancy, the availability of more specials.
• The higher the occupancy, the higher the rent
• The higher the occupancy, less specials or less value in the specials.

Plus, the higher occupancy stimulates building. There are 33 complexes under

construction in DFW and only 15 under construction in Houston (similarly

sized markets). There are 12 complexes under construction in Austin and

only 7 under construction in San Antonio (markets that are close in size).