Austin

How is the multifamily recovery going in Texas? The Lone Star State’s four major multifamily markets in Texas offer a picture of the conditions facing multifamily owners and operators in the Sun Belt.

Asking rents have been falling faster in Austin than any other major market, and the metro has the highest multifamily vacancy rate. What’s behind the dismal numbers in Austin?

Long considered a highflyer in the multifamily industry, the Sun Belt region is now beset by high supply, low demand, and flat or declining asking rents. Here’s why recovery will be slow.