Our office works with a lot of folks relocating from out of town, out of state and out of country, so finding suitable short-term Austin rentals is an important part of our service. In the past it’s been pretty easy to find Austin luxury rentals (houses, condos, apartments). But times they are a-changing…with the influx of Austin relocations and a scant number of suitable downtown Austin luxury apartment vacancies we are seeing higher rents charged for the few Austin rental properties available.
Data: In the last 60 days the average List Price to Lease Price Ratio was 99.58% for downtown Austin MLS listed rentals. In other words, people renting downtown Austin condos negotiated less than 1/2 of 1% off the list price on average. That’s not normal. I’ve also had several clients flat out unable to negotiate significant terms with the top Austin luxury downtown apartments…there is just too much demand too little available on the market. So here is my advice for the next quarter or two 2012…if you are shopping for a downtown Austin rental at one of the 3 or 4 top Austin luxury apartment buildings then: 1) Yes those prices are serious, and 2) Jump on it now because that unit may not be around if you wait! (Which has happened several times recently which prompted this post!)
Want assistance? We can help you quickly identify the best Austin apartments or rentals for you. We are paid by the Austin apartment building a finders fee, and so it’s completely free to you. It’s a great service and it’s free.