Today Chris Stutzman at Transwestern recently sent me over a copy of their Austin Apartment Report for the 3rd Quarter.

Here are some of the key points:

• 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%

Continue reading Summary of Austin 3rd QTR multifamily market →