ALN's Apartment Monthly News
May 2008 Edition
ALN METRO SUMMARY OCCUPANCY AVERAGE QUOTED RENT / UNIT
APR
2007		 APR
2008
CHANGE		 APR
2007		 APR
2008
CHANGE
Austin 93.7% 92.1%   1.6   ( -1.7%) $ 791 $ 836   $ 45   ( 5.4%)
Dallas 90.3% 91.2%   0.9   ( 1.0%) $ 765 $ 791   $ 26   ( 3.3%)
Fort Worth 89.0% 89.1%   0.1   ( 0.1%) $ 681 $ 700   $ 19   ( 2.7%)
Houston 89.1% 87.5%   1.6   ( -1.8%) $ 719 $ 742   $ 23   ( 3.1%)
San Antonio 90.7% 90.2%   0.5   ( -0.5%) $ 688 $ 707   $ 19   ( 2.7%)
TEXAS AVERAGE 90.1% 89.7%   0.4   ( -0.5%) $ 733 $ 758   $ 25   ( 3.3%)
Tampa/St. Petersburg 93.4% 91.5%   1.9   ( -2.0%) $ 815 $ 805   $ 10   ( -1.2%)
Orlando/Daytona Beach 92.6% 90.7%   1.9   ( -2.1%) $ 853 $ 850   $ 3   ( -0.4%)
Jacksonville/Gainesville 92.8% 90.0%   2.8   ( -3.1%) $ 807 $ 796   $ 11   ( -1.3%)
Fort Myers/Naples 89.8% 82.1%   7.7   ( -9.3%) $ 883 $ 849   $ 34   ( -4.0%)
West Palm Beach 92.4% 91.3%   1.1   ( -1.2%) $1066 $1064   $ 2   ( -0.1%)
Tallahassee 92.6% 90.7%   1.9   ( -2.1%) $ 838 $ 807   $ 31   ( -3.9%)
Pensacola 91.0% 89.4%   1.6   ( -1.8%) $ 742 $ 769   $ 27   ( 3.5%)
Melbourne 89.4% 86.9%   2.5   ( -2.8%) $ 739 $ 737   $ 2   ( -0.3%)
FLORIDA AVERAGE 92.6% 90.3%   2.3   ( -2.5%) $ 843 $ 835   $ 8   ( -1.0%)
Phoenix 92.6% 89.5%   3.1   ( -3.4%) $ 773 $ 780   $ 7   ( 0.8%)
Tucson 93.9% 91.4%   2.5   ( -2.7%) $ 631 $ 640   $ 9   ( 1.3%)
ARIZONA AVERAGE 92.8% 89.9%   2.9   ( -3.2%) $ 745 $ 752   $ 7   ( 1.0%)
Atlanta 90.6% 90.0%   0.6   ( -0.6%) $ 802 $ 831   $ 29   ( 3.5%)
Las Vegas 94.0% 92.3%   1.7   ( -1.8%) $ 838 $ 861   $ 23   ( 2.7%)

On a monthly basis, ALN Apartment Data successfully surveys over 92% of all properties in each of the 18 major markets we cover. The above statistics reflect only Conventional, Midrise and High-Rise apartment communities. Income Restricted, Student and Senior Housing apartment communities are not included in these statistics. In-depth, property level research and data is available for all property types (including Senior and Income Restricted) through ALN OnLine. ALN OnLine data includes Market and Effective Rents, Occupancy, Floor Plan and Unit Mix information, Market and Submarket statistics, Market Surveys, Historical Trends and Customizable Reports. Please visit www.alnsystems.com or contact your ALN representative at 1-800-643-6416 extension #1 to learn more.