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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