{"id":9165,"date":"2025-04-02T09:49:00","date_gmt":"2025-04-02T09:49:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9165"},"modified":"2025-08-04T09:58:07","modified_gmt":"2025-08-04T09:58:07","slug":"austin-multifamily-market-report-march-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/austin-multifamily-market-report-march-2025\/","title":{"rendered":"Austin Multifamily Market Report \u2013 March 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/austin-multifamily-market-report\/\">Austin Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>High Supply Pressures Persist In 2025<\/h2>\n<p>Austin\u2019s multifamily fundamentals showed little change at the start of 2025, posting steady employment growth and decreasing rates, according to the latest Yardi Matrix Austin multifamily market report. Advertised asking rents declined by 0.7%, on a trailing t ree-month basis through January to, $1,554, down 5.4% year-over-year, while the U.S. rate inched down 0.1%, on a T3 basis to, $1,746 and remained positive year-over-year, at 0.8%, as noted in the <a href=\"\/blog\/national-multifamily-market-report\/\"><strong>national multifamily report<\/strong><\/a>. The metro\u2019s occupancy rate in stabilized properties fell 20 basis points year-over-year, to 92.7% in January, well below the 94.5% national average.<\/p>\n<p><iframe id=\"datawrapper-chart-EYMjf\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Austin vs. National Rent Growth  \" src=\"https:\/\/datawrapper.dwcdn.net\/EYMjf\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Despite softening, Austin\u2019s employment growth continued to outperform the U.S., up 1.6%, or 21,200 net jobs, year-over-year through November. The highest job gains were posted in government (6,300 jobs), education and health services (6,000 jobs) and leisure and hospitality (4,500 jobs). Three sectors lost 6,700 jobs combined. Meanwhile, the metro\u2019s unemployment rate was 3.1% in December 2024, according to data from the Bureau of Labor Statistics, below the U.S. (4.1%), the state (4.2%) and all other major Texas markets. Among the projects that will have a significant impact on the local economy is the expansion and redevelopment of the Austin Convention Center, slated to begin this year and be completed by 2029.<\/p>\n<p><iframe id=\"datawrapper-chart-juytQ\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Austin Employment Share by Sector  \" src=\"https:\/\/datawrapper.dwcdn.net\/juytQ\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}}))}();<br \/>\n<\/script><\/p>\n<p>Developers delivered 2,353 units in January 2025 and had another 40,486 units underway. Sales remained slow into 2025, after 2024 totaled $819 million\u2013the lowest volume in the last decade.<\/p>\n<p>Read the full Yardi Matrix Austin Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6952-MatrixMultifamilyAustinReport-March2025\"><strong>March 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>High Supply Pressures Persist In 2025 Austin\u2019s multifamily fundamentals showed little change at the start of 2025, posting steady employment growth and decreasing rates, according to the latest Yardi Matrix Austin multifamily market report. Advertised asking rents declined by 0.7%, on a trailing t ree-month basis through January to, $1,554, down 5.4% year-over-year, while the [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8634,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[464,513],"class_list":["post-9165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-austin","tag-multifamily-outlook-2025"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austin Multifamily Market Report \u2013 March 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Austin\u2019s advertised asking rents fell 0.7 percent on a T3 basis through January, and 5.4 percent YoY to $1,554.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/austin-multifamily-market-report-march-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austin Multifamily Market Report \u2013 March 2025\" \/>\n<meta property=\"og:description\" content=\"Austin\u2019s advertised asking rents fell 0.7 percent on a T3 basis through January, and 5.4 percent YoY to $1,554.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/austin-multifamily-market-report-march-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-02T09:49:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-04T09:58:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/04\/Austin-iStock-2192647748-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Austin Multifamily Market Report \u2013 March 2025 - 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