Rents Decelerate Amid Solid Supply Growth
Austin’s multifamily fundamentals softened across the board at the close of the third quarter, according to the latest Yardi Matrix Austin multifamily market report. Average advertised asking rents inched down 0.2%, on a trailing three-month basis through September, to $1,542, 10 basis points below the U.S. figure, as noted in the national multifamily report. The occupancy rate in stabilized properties slid 10 basis points year-over-year, to 92.8% in August, as a 10-basis-point uptick in the Lifestyle segment only partially offset weaker RBN demand.
Employment growth decelerated to 1.2% year-over-year through July, above the 0.8% U.S. rate. Unemployment held at 3.9% in August, up 40 basis points year-to-date, outperforming the state (4.1%) and U.S. (4.3%) rates, according to preliminary data from the Bureau of Labor Statistics. Employers added 9,600 net jobs, led by education and health services (4,900 jobs), government (3,500) and financial activities (2,600), while professional and business services (-2,000) and manufacturing (-1,800) led declines. Notable projects underway include infrastructure enhancements, such as the construction of a new station in Uptown ATX station, and the 74-story Waterline tower, which topped out downtown.
Developers completed 20,311 units, or 6.0% of existing stock, in 2025 through September, leading Yardi Matrix’s top 30 metros. Another 30,431 units were under construction, while starts softened. Investment reached $671 million through September, and the average price per unit rose 14.5% year-to-date, to $200,637.
Read the full Yardi Matrix Austin Multifamily Market Report: November 2025
Add Comment