The multi-family market in San Antonio has seen a steady rise in occupancy rates even with apartment construction consistently evolving throughout the city. Although San Antonio experienced a slight drop in occupancy rates during the third quarter, it has still managed to maintain an overall stellar rate compared to this time last year.
In the last couple of months a lot has occurred in the Alamo City to cause a dip in the apartment occupancy rate. Not only did we start to see a rise in homeownership but there was an influx of new apartment units absorbed into the local market. To top it off the hospitality/leisure industry suffered a reduction to their workforce which might have caused renters not to renew their leases. With a projected slow fourth quarter in the horizon occupancy rates are expected to lead with the same trends.
Just because apartment rent is on the rise does not mean you have to pay more. Our licensed apartment locators work daily to secure the best deals for your dollar. Contact us and let us help you find you the apartment in your budget in your desired part of town!