Inventory expanded by 1,540 new units in the last three months, according to Hendricks-Berkadia. With year-to-date deliveries at 4,250 units, this year's construction outpaced the 2,760 units delivered in all of 2012.
Leasing activity remained healthy with the net absorption of 1,690 units in third quarter 2013. Rental demand was less than the 2,143 units absorbed during 2Q 2013.
Read more...Austin multifamily 3Q 2013: Hendricks-Berkadia via Real Estate Center at Texas A&M