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.

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