Austin Multifamily Market
| Average Rent: | $1,564 |
| Average Occupancy (%): | 92.4% |
- 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, strengthening year-to-date net absorption (20,229 units) and stabilized occupancy
- Austin is the 11th best performing among the top 50 metros, adding 27,300 jobs, or 2.0% growth, in the year ending in September (USBLS)
- Austin is one of the nation’s fastest-growing cities, with an annual growth rate of 1.4% from 2023 to 2024
Download Austin Multifamily Market Update 3Q24
San Antonio Multifamily Market
| Average Rent: | $1,252 |
| Average Occupancy (%): | 91.4% |
- 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, strengthening year-to-date net absorption (8,524 units) and an uptick in occupancy
- San Antonio is one of the nation’s fastest-growing cities, with an annual growth rate of 1.3% from 2023 to 2024
- San Antonio is ranked one of the most moved to cities and one of the best cities in Texas to live in for business