Austin Apartment Rents Rise For First Time In Three Years Following Supply Glut

According to Bisnow, Austin multifamily owners are seeing the first signs of a market recovery as effective rents grew 1.8% during the second quarter. The city is finally beginning to absorb the massive influx of apartment inventory that previously drove vacancy rates to nearly 1

According to Bisnow, Austin multifamily owners are seeing the first signs of a market recovery as effective rents grew 1.8% during the second quarter. The city is finally beginning to absorb the massive influx of apartment inventory that previously drove vacancy rates to nearly 1