San Antonio Multi-Family Market Strong 3 Quarters in a Row.

Note: This post was featured on the Invest San Antonio 

According to the San Antonio Business Journal a recent analysis by Austin Investor Interests, LLC shows San Antonio's multi-family apartment occupancy rate remains above 90 percent and average rental rates hit a new high of 95 cents per square foot. Additionally, the absorption rate has been strong, absorbing more than 1,500 units per quarter.  This figure is extremely important as many new multi-family developments start leasing in fourth quarter of 2012 and the first quarter of 2013. 

What does this mean for the residential real estate investor? It means the rental market is stronger than ever. San Antonio is home to many colleges and universities, several military bases, world-renowned medical centers, as well as an ever-growing population. These people need places to live and many of will seek rental accommodations. I have always provided excellent single-family investment properties suitable for rental and owner-finance strategies, but recently I have been trying to provide more multi-family options. In the last couple of months I have sold several multi-family properties and hope to acquire more in the near future.  I am a believer in the profitability of this type of investment, so much so that I have owned and lived in multi-unit buildings for the last 12 years. Whether you're new to real estate investing or a seasoned investor, consider a multi-unit investment for your next project.  

Seth Teel is a licensed agent for New Western Acquisitions. I specialize in sales and acquisitions of investment property, REOs, foreclosures, , rentals, auctions, estate sales, and all types of real estate investment. Call: 210-628-9373 or Email: [email protected]

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