May 15
Rents dropped from March to April 1.2% which is in contrast to a year ago when rents jumped 5.7%.
Occupancy was up .3% from March to April.
Five apartment complexes in April had negative absorption – less units occupied than the previous month.
An additional 4,500 apartments are expected to be delivered by years end.
Source: Real Estate Center Texas A&M
Permanent link to this article: https://atxre.com/austin-apartment-rent-falls-with-covid-19-outbreak/
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| M a r k P u s t k a | |
| Commercial Broker Associate | |
| Information about Brokerage Services | |
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| email: mark@matexas.com | |
| Office: 512.486.3737
Cell: 512.970.8359 Fax: 512.383.3712 |
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| 3901 South Lamar, Ste 100 Austin, Texas 78704 | |
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