The second quarter continued to reflect the health and vitality of the local apartment market, according to Austin Investor Interests.
Rental rates soared, rising another 2.6 percent over the quarter to reach 6.9 percent annually, while occupancy remained steady despite seeing the largest number of completions in five years hit the market over the last six months.
Prevalent new trends include the addition of outdoor enhancements involving common social/entertainment areas, pet related features and social/music venues poolside or in the lounging community center.
Read more...Austin Investor Interests 2Q 2014 apartment facts
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