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Austin multifamily a hotbed of activityAustin multifamily a hotbed of activityhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=161142017-03-24T05:00:00Z2017-03-24T21:45:00Z

​​​​​AUSTIN – Austin’s multifamily market continues to be a hotbed of activity, despite a growing sense of caution that rents and development are beginning to decelerate.

Economic and population growth are creating strong demand for multifamily.

Employment is also expanding, especially in technology; education and healthcare; trade, transportation and utilities; and construction.

These sectors entice young professionals, many of whom are relocating.

Austin’s healthy economy and friendly business climate continue to attract investment and development, as a new wave of office construction is underway in the Northwest and Southwest.

The Dell Medical School at the University of Texas at Austin opened last summer, contributing 350 new jobs.

Although demand remains strong—population has risen 12 percent since 2011—supply is a growing concern.

More than 11,000 units came online in 2016, a 5.3 percent expansion of stock, well above the 2.5 percent national average.

Multi-Housing News
Austin-Round Rock
Multifamily
https://www.multihousingnews.com/post/yardi-matrix-cooling-rents-austins-city-limits/

​Read the full Austin Multifamily Report.

Also check out:

Dallas Multifamily Report

Houston Multifamily Report

National Multifamily Report

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