Today Chris Stutzman at Transwestern recently sent me over a copy of their Austin Apartment Report for the 3rd Quarter.
- Rents grew 4.8% during the past 12 months
- Occupancy remains strong for the quarter Absorption outpaces supply again
- Development pipeline grows – 48 projects totaling 12,560 units under construction
- The market’s current unemployment figure stands at 5.3%