Market Research > Austin Market Research

Rental Market Remains Tight Despite 
Wave of New Apartment Construction

Austin’s economy benefits from the surge in technology industries during the current economic upturn while also attracting cost-conscious employers to the business-friendly market. Several major Silicon Valley firms maintain a significant presence in the Austin market, which possesses relative affordability and a culture attractive to millennials. Apple’s second-largest global campus, for instance, is in Northwest Austin and the firm is adding hundreds of new jobs every year. In fact, Austin’s employment growth of 4.3 percent was among the highest in the nation during the 12-month period ending in the first quarter. The robust economy has facilitated a tight rental market, enabling landlords to push rents aggressively in recent years. Some of that pressure is expected to be relieved in the coming quarters as apartment construction booms. Currently, the number of underway units represents more than 6 percent of existing inventory. The Downtown submarket faces the greatest […]


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