Construction levels continue to surge in Austin, and yet rent growth levels remain strong. How long can that continue, with so much new supply set to deliver over the next four quarters?
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Austin’s apartment market is still in strong shape. But year-over-year rent growth levels eased in 3rd quarter, corresponding with a pickup in new supply – which will be an even bigger factor in the year ahead.
Which individual apartment metro topped the list for rent growth in year-ending second quarter of 2012? MPF Research reveals the top ten performers.
Austin still ranks among the nation’s leaders with year-over-year rent growth of 6.5%, but apartment fundamentals have eased back a bit in the past couple quarters.
Austin ranked third in the nation with year-over-year revenue growth of 8.9 percent, behind only San Francisco and San Jose. The experts at MPF Research explain how it got there in this new video analysis.
Austin was one of the nation’s top-performing apartment markets in the first nine months of 2010, but revenue growth slowed way down in the last two quarters.
Austin led the major Texas markets in both rent growth and occupancy improvement in the year-ending September 2010. The recovery has been driven by northern Austin submarkets, while some of the metro’s more affordable areas still have some ground to make up. Get the details in this video edition of Apartment Market Dynamics.
Texas is the place that continues to build apartments even as the rest of the country slammed the brakes due to the recession.
Some new data from MPF Research reveals that the bleeding may finally be stopping for older properties in the Dallas/Fort Worth apartment market.