AUSTIN - Multifamily market watchers in Austin looking for a top to the current kaboom of incoming product will have to wait yet another quarter as almost 3,000 units were submitted in 22 new multifamily projects to the City’s Department of Planning and Development Review.
According to City Demographer Ryan Robinson fourth quarter 2014 also saw the approval of 13 projects that include a total of over 1,600 units — these developments are now entitled to begin construction.
Construction was initiated at ten sites totaling almost 1,800 units while another four projects reached completion delivering nearly 600 units to what is widely considered to be a landlord’s market.
*Sorted by number of units
Source: City of Austin
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