Wednesday, May 20, 2015

IRR: Austin multifamily 2015 viewpoint via Real Estate Center at Texas A&M

Strong population growth, the attraction of new business, and low unemployment continue to drive the expansion of the Austin multifamily market.

Overall vacancy has held steady at just under 5 percent in the past two years but is expected to increase slightly in 2015, as more than 13,000 new units are expected to be completed.

Rental rates for both A and B/C property classes continue to increase, with units in central and west Austin seeing the highest rates, as demand remains strong.

Read more...IRR: Austin multifamily 2015 viewpoint

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