Tag Archive: Apartments

Jun 06

Q1 2014 Austin Multifamily Update

Austin Investor Interests LLC’s latest quarterly Austin Multifamily Report reveals the following regarding the current Austin Multifamily market. 17,627 units are under construction Q1 2014 Occupancy rates are at 94%, down .85% from previous quarter Rental rates increased 1.44 % to average of $1.20/SF Rent in CBD averages $2.51/SF Class A average rent = $1.36/SF …

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Permanent link to this article: http://atxre.com/2014/06/06/q1-2014-austin-multifamily-update/

Feb 28

2014 Austin Forecast from 360 Real Estate Analytics

Rude, Eldon 2008 Metrostudy 304

The following 2014 commercial real estate related items are from an Austin 360 Analytics Real Estate Forecast provided by Eldon Rude. • About 1.2 million square feet of office space was absorbed in Austin in 2013. Companies are growing and some are relocating here. The commercial market looks healthy. • 17,736 apartments are under construction …

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Permanent link to this article: http://atxre.com/2014/02/28/2014-austin-forecast-from-360-real-estate-analytics/

Jan 15

Q4 2013 Austin Apartment Market update

hendricks berkadia

Rental demand for apartments in Austin soared in 2013 according to a recent report by Hendricks-Berkadia Apartment Real Estate Advisors. Highlights from the report include: 6,240 apartments were absorbed in 2013 up from 3,350 units in 2012. US Hwy 183 / Cedar Park / Leander corridor and the Far South submarkets lead the way in …

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Permanent link to this article: http://atxre.com/2014/01/15/q4-2013-austin-apartment-market-update/

Nov 15

Austin Texas 3rd Quarter Multifamily Update

Hendricks – Berkadia recently provided a market update for Quarter 3 2013 and is showing the following numbers. Inventory is up by 1,540 units in last 3 months. Year to date deliveries total 4,250 units, outpacing 2012′s 2,760 units. Net absorption totaled 1,690 units in quarter 3. Average asking rent increase by .9% to $1,026.

Permanent link to this article: http://atxre.com/2013/11/15/austin-texas-3rd-quarter-multifamily-update/

Dec 06

Transformation at 2717 South Lamar, Austin

austin auto machine shop

  Demolition crews are out tearing down buildings at 2717 South Lamar where the old Austin Auto Machine Shop was located. The bright blue building seen in this photo is no longer there.     Here’s what’s going on today.  Most buildings are now gone.           Here’s what’s planned for the …

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Permanent link to this article: http://atxre.com/2012/12/06/transformation-at-2717-south-lamar-austin/

Oct 03

Austin Economic Outlook looks Good

Author/source: Mark Sprague, Mission Mortgage of Texas, Inc. We wouldn’t change places with anyone.  The good news about the economy continues to be local! The Austin metropolitan area added 15,500 jobs, or + 2.0%, in the 12 months ending in August according to the latest release of preliminary payroll job numbers by the Texas Workforce Commission …

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Permanent link to this article: http://atxre.com/2011/10/03/austin-economic-outlook-looks-good/

Aug 15

Austin MultiFamily Market Rental Rate at All Time High

mf occupancy

Q2, 2011 Austin MultiFamily Market Data from Industrial Trends Report – Second Quarter 2011 Austin, TX, Grubb & Ellis Absorption in the Second Quarter was 1/2 of Quarter 1 Absorption 171 New Units Added and 689 Units under construction Occupancy increased to 94.7% overall.  Class A at 94.7%, 95.9% for Class B, and 94% for …

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Permanent link to this article: http://atxre.com/2011/08/15/austin-multifamily-market-rental-rate-at-all-time-high/

Feb 23

Austin Apartment Market Report 2010

Apartment Realty Advisors (ARA) of Austin, does a great job of putting together market survey reports.  Here’s an excerpt from the report and you can click below to read the entire document. Austin is weathering the economic downturn better than most major metros. Thanks to a strong government presence, a buoyant technology field, and an …

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Permanent link to this article: http://atxre.com/2011/02/23/austin-apartment-market-report-2010/

Feb 22

Austin Multifamily Development Market Improving

OLYMPUS DIGITAL CAMERA

GlobeSt.com Last Updated: February 18, 2011 01:25pm ET Photo courtesy of: Shiny Things Austin Ranks High for MF Development AUSTIN, TX-Of all commercial property sectors, multifamily is perhaps the only one that developers can get excited about today, and even then, there are only certain markets that can absorb new product. Local experts say Austin …

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Permanent link to this article: http://atxre.com/2011/02/22/austin-multifamily-development-improving/

Dec 15

Austin, Texas Q4, 2010 Multifamily Market Summary

High Rise Apartment

Executive Summary of Quarter 4, 2010 Austin Texas Multifamily Market (Marcus & Millichap, Apartment Research Market Update, Austin Metro Area, Fourth Quarter 2010) OCCUPANCY / RENT Vacancy fell to 8% in Q3 2010 a year over year decrease of 270 basis points.  Over the past 6 months vacancy has been reduced by 190 basis points. …

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Permanent link to this article: http://atxre.com/2010/12/15/austin-texas-q4-2010-multifamily-market-summary/