Austin Apartment Market Update Report
In the Austin area, the apartment market saw impressive growth in all areas of occupancy, rent per unit, rent per square foot and absorption. With forecasts of a strong demand, more jobs and the fact that construction is on-pace with demand, it appears a good year is in store for the Austin multi-family market. Austin area apartment occupancy rose from last quarter, up 0.49 points overall. On average, apartments in Austin show a 93.30 percent occupancy rate.