El Paso apartment occupancy is at its tightest rate in nearly ten years. At 96.8%, October occupancy in El Paso was essentially unchanged since September but was up 90 basis points year-over-year. The last time occupancy in El Paso was this high was in December 2010. Additionally, October occupancy was well above the market’s five-year average (93.3%) and outperformed the national norm by 110 basis points. Though El Paso was a high-vacancy market in 2012 through much of 2019, with occupancy rates generally landing around 92% to 93%, occupancy here showed notable improvement more recently, registering above 95% for the past 15 months. And after underperforming the national average for roughly seven years, El Paso has now outperformed the national norm for the past eight months.
Apartment Occupancy in El Paso Hits a Decade High
