Wednesday 27 May 2020
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Texas A&M - 5 days ago

SA luxury apartment rents hit hardest during pandemic

​SAN ANTONIO – COVID-19 resulted in an overall drop in the metro’s apartment​ rent prices, with the highest class of properties most severely affected.
From March to May 13, the average rent dropped $9 to $969. Luxury apartments, which account for 23 percent of the market, dropped $14 to $1,229. The decreased rents can be attributed to renters avoiding moving during the pandemic.
The Real Estate Center​​​​ has more information like this online for free #58;
Residential Rent Protection and COVID-19
​​​​Texas Quarterly Apartment Report​​San Antonio multifamily news​
​Source #58; ​San Antonio​ Business Journal


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