November 27, 2024
Matrix Multifamily Austin Report-November 2024
Inventory Growth Impacts Austin
Austin’s elevated deliveries, up by another 15,666 units year-to-date, kept rent movement negative, down 4.9 percent YoY through September to $1,614. Occupancy was also affected, down another 20 bps YoY to 93.1 percent.
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