Although it has been growing exponentially for the past couple of months, it seems the multifamily market sector of Austin has cooled off significantly. In the report by the Austin Investor Interests LLC, they cited that the third quarter performance of the market has not performed well despite the expectations of a good performance. Regardless of the slowdown from this market, the study still showed that the Austin market is still very strong and cited other critical details regarding the market situation in Austin. The report cited the level of occupancy in cities and in certain business areas. The performance of Class A, B and C properties were also highlighted, as well as the changes in rent value.
Read more about this here: Austin multifamily market hits the brakes during third quarter — see where occupancy rates are lowest