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Market Reporting that Matters

Austin Apartment Rents Flatten

Class B and C Product Fuel Decline

By Greg Willett | Wednesday, October 25, 2017

AUstin apartment market downtown photo

Effective rent growth in the Austin apartment market has slipped to almost flat, or even negative, with tons of new supply entering the metro.

A new report from RealPage shows that supply isn't the only factor in Austin's decline. Effective rent growth for Class B and C properties are far below that for Class A properties, which are still strong.

Going against the trend of most metros, the Downtown/University submarket, which is full of strong-performing Class A product and has little construction taking place, is among strongest areas in the Austin apartment market.

Click here to read the full report.  

Greg Willett

Greg Willett

Chief Economist

Greg Willett serves as chief economist of RealPage, Inc., facilitating the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities that evolve alongside shifting economic conditions, demographics and market performance levels. 

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