O’Conner & Associates updated Austin apartment market data shows continued strong growth for the Austin apartment segment. Austin currently has 9,657 Austin apartment units under construction (33 apartment projects!) and 1,862 Austin apartment units in the planning stage. This strong Austin apartment rental market along with low Austin new construction homes coming on the market means that the Austin real estate market will probably continue to feel an inventory and price squeeze for the next few years at least.
Data is from O’Conner & Associates dated March 2014.