Lubbock leasing: Hub City sees continued apartment growth as more renting | Lubbock Online
When Tigris Holding Company bought land on 34th Street and Milwaukee Avenue about eight years ago, they felt they were on to something good. “They had recently paved Milwaukee , and just studying traffic counts out there, we just felt like it was a good growth area in Lubbock,” said Ty Craft, a directing principal at Tigris. Leasing recently opened for Tigris’s third complex in the area, El Mirador. If their nearby properties - Escondido and Elm Creek - are any indication, the newest multi-family concept is sure to fill soon. Craft said Elm Creek, a single-story facility, is almost always at full capacity and has a lengthy wait list . This is is a trend throughout Lubbock, according to recently collected ALN Apartment Data . In June, apartment occupancy was at almost 91 percent, suggesting nearly every available unit is full. This rate has stayed consistently high through the first half of 2017, according to monthly data from ALN. Suzanne Comer, executive officer with the Lubbock ...