New Data Shows National Apartment Occupancy and Rent Rates Fall

A recent survey released by ALN Apartment Data shows interesting trends for the multi-family housing industry. In a comparison of July 2008 and July 2009, both occupancy rates and average rent rates have dropped considerably. In a time of economic uncertainty, these findings are good news for the tenant, but bad news for the apartment industry.

If the apartment industry is looking for signs of recovery, it will not find it in this recent report. Apartment communities need to maintain an average occupancy rate of around 90% in order to be profitable. This report shows many cities have slidden into the mid 80% occupancy range, and the rent rates have fallen in order to compete for the lack of demand. Read this National Rental and Vacancies Rankings in order to find how your city compares to others across the nation.

Unemployment and Occupancy Trends


Texas Rental Application

The Texas Association of Apartments, a non-profit trade organization, consists of owners, developers, builders, and property management firms. This organization has a full time lobbying presence on behalf of the entire rental housing industry to the Texas government.

The Texas Association of Apartments Application is often an essential part of the approval process for your next rental home. The application, also known as a Texas Rental Application, provides the apartment community initial information about you. This information includes your credit history and criminal history. Other relevant information required is who will live with you, and, if you have pets.

Consult your apartment locator, as he or she is a Texas licensed real estate agent, before submitting the application to a property. The application is to be used by Texas licensed real estate professionals. Your locator is an excellent source for all of these questions and issues raised, so feel free to ask for help and clarification throughout the entire process of finding your next home.


The Avery on Southwestern Apartments

The Avery on Southwestern apartments are the newest luxury homes at the Village in Dallas. This community is unique as it is beautiful with contemporary architecture and high-end amenities such as the vertical spa-inspired shower with rainfall shower head, two resort-style pools with cascading water fountains, floating sunning decks, and much more.

Site plan of the Avery on Southwestern