Quarter 1, 2014 Austin Multifamily update provided by Austin Investor Interests LLC,
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
- Class B and C properties average $1.15/SF
- 2,081 new units were added to the market in Q1 2014
- Investment sales average price per unit totals $102,538
- 74 new apartment projects are under construction, totaling 19,767 units
- 12,000 new units are awaiting building permits
- Of the 24 communities actively listed for sale, 1/2 are under contract
Quarter 1, 2014 Austin Multifamily update provided by Austin Investor Interests LLC, Austin Multifamily Report reveals the following regarding the current Austin Multifamily market.
1 ping
Q1 2014 Austin Multifamily Update | Austin Texas Real … | Real Estate News Flash
June 11, 2014 at 2:43 am (UTC -7) Link to this comment
[…] Click here to read the full article 16 Like Save Share […]