Monday, November 7, 2011
Austin Apartment Overview
The Austin area multi-family sector took a light hit during the month of November as occupancy and rents per square foot both saw slight declines. However, the overall strength of the market was conveyed as absorption stayed positive in light of significant completions during the month. As usual, Class A properties lead the market with strong gains in per square foot (+ $0.003, $1.066) and per unit rents (+ $6.08, $999.86), while occupancy declined minimally (- 0.30%, 90.84%). The coming
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