Construction projects of five San Marcos apartment complexes—all of them geared toward college students—are scheduled to finish in August as Texas State University's fall semester gets underway.
With renters taking their pick among an estimated 3,530 new bedrooms, many apartment managers are having an increasingly difficult time finding enough tenants, said Jason Tarr, a real estate broker who owns the Great Locations rental location service.
"This year the apartment communities are going to see their biggest vacancy rate they've ever seen in San Marcos," he said. "We're overbuilt right now."
Tarr said the increased competition is a cyclical boon for renters in San Marcos, where nearly three-fourths of the population lives in rental properties, according to 2011 census data. Apartment managers are reducing their prices, improving customer service and focusing on community relations, he added.















