Matrix Multifamily Austin Report-July 2022 July 19, 2022

Economic Growth Boosts Austin’s Multifamily Market

Rent growth picked up again in Austin, with a 0.8 percent increase on a T3 basis through May, to $1,744, while occupancy increased by 130 basis points in the 12 months ending in April. Current economic conditions somewhat dampened transaction activity, but development remained elevated.