Austin Multifamily Market Outlook 2015
The Austin Multifamily market continues to expand due primarily to the area’s continued population growth, new business growth, and low unemployment. Vacancy has been steady at under 5% in recent years and is expected to slightly increase in 2015 because of new product becoming available in the market. Rental rates continue to increase with central and west Austin experiencing the highest rates. Capitalization rates are steady across the market but will likely decrease slightly through 2015. Downtown continues as a hotspot for new development with approximately 2,000 units under construction.
Integra Multifamily Annual Viewpoint
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