MPF Research: Austin multifamily trends 3Q 2015MPF Research: Austin multifamily trends 3Q 2015https://www.recenter.tamu.edu/news/newstalk-texas/?Item=115942015-12-28T06:00:00Z2015-12-21T21:00:00Z

​​AUSTIN- Demand topped net supply levels on a quarterly basis from 2,720 units to 1,428 units in third quarter 2015. 

In turn, occupancy improved 0.6 points, to an eight-year high of 96.1 percent. 

Year-over-year, occupancy rose 0.3 points, and same-store rents for new leases jumped 2.5 percent quarter-over-quarter, the largest quarterly increase in three years. 

Year-over-year, rents were up 5.2 percent — a strong number which topped expectations, and was slightly above Austin’s three-year annual average of 4.3 percent.

MPF Research
Austin-Round Rock

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