New apartment buildings are going up all over the Austin area, but it still might not be enough to slow an exploding rental market.
“As much as we’d like to see that effect pricing, it is not yet. They are still continuing to climb,” said Natalie Young, the manager at A+ Apartment Locators.
There was not much new construction in recent years when demand soared along with rental prices, but there are currently more than 16,000 new units under construction.
Read more...New Austin apartments can't slow demand via Real Estate Center at Texas A&M