Austin Multifamily Market
| Average Rent: | $1,512 |
| Average Occupancy (%): | 92.8% |
- The Austin market has reported several positive developments that indicate stability has been achieved and recovery is on the horizon, notably: a decline in the number of excess apartments being delivered into the market, strong 2024 net absorption (29,515 units) and stabilized occupancy
- Austin is the 10th best performing among the top 50 metros, adding 22,700 jobs, or 1.7% growth, in the year ending in December (USBLS)
- Austin is one of the nation’s fastest-growing cities, with an annual growth rate of 1.4% from 2023 to 2024
San Antonio Multifamily Market
| Average Rent: | $1,222 |
| Average Occupancy (%): | 92.0% |
- The San Antonio market has reported several positive developments that indicate stability has been achieved and recovery is on the horizon, notably: a decline in the number of excess apartments being delivered into the market, strong 2024 net absorption (12,826 units) and an uptick in occupancy
- Sun Belt markets dominate Urban Land Institute’s annual ranking of most promising real estate markets, including San Antonio which was ranked the 13th “Best U.S. Real Estate Market for 2025”
- San Antonio is one of the nation’s fastest-growing cities, with an annual growth rate of 1.3% from 2023 to 2024