Provided by: O'Connor & Associates
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.