Austin’s multifamily market is poised for a stable 2019, with rent growth rising 3.7 percent year-over-year through April, outperforming the national rate by 70 basis points. Developers are struggling to keep up with demand, and the labor shortage is not helping: The occupancy rate in stabilized properties rose 50 basis points over 12 months, to 94.4 percent as of March
Read more...Austin Multifamily Report – Summer 2019 via Multi-Housing News Online
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