With 18,000 apartment units currently under construction rental rate relief maybe on the horizon! After years of escalating rental rates and lack of supply tenants could see concessions coming back.
There is a lot of Class A apartment units scheduled to enter the market which will saturate some areas creating a little market competition.
Strong demand for apartments in Austin will continue as the population continues to grow and job growth remains strong.
Read more about this here: http://www.bizjournals.com/austin/blog/real-estate/2014/10/austin-apartment-market-stillon-fire-could-mean.html