Affordability Shift

Topics:
Market Studies,
Property Analysis
Tags:
Construction,
O'Connor & Associates,
San Antonio
Source:
O'Connor & Associates

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Overview: San Antonio has been a steady market for multifamily developments over the past couple of years and the current wave of new construction shows no sign of giving in through 2007. In 2006, 22 projects with nearly 5,100 units were delivered. Through the third quarter of 2007, over 1,400 units have been completed and another 3,800 units are currently under construction. Of the units completed this year, 604 are Class A market-rate projects, while 688 are affordable (rent-restricted) housing. The upcoming construction includes 1,993 units of Class A market-rate projects and over 1,600 units of affordable apartments.

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Format: PDF | Size: 333KB | Date: Dec 2007 | Pages: 6

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