Austin Rental Stats Are Simply Smoking HotPosted by Monte Davis on
On August 12, Shonda Novak wrote a piece for the Austin American-Statesman looking at what the headline called "soaring rents" and "occupancy rates" that make our apartment market the "hottest in [the] nation." I don't know about you, but those are the kinds of phrases that get my investment blood pumping. Essentially, our apartment market is right up there with big hitters like San Jose, California; San Francisco; Portland, Oregon; and Seattle. Those are all major "destination" cities and we're keeping pace. Why?
The short answer? Job and population growth. Pair that with a limited inventory of apartment units currently being built, and you're going to have some happy landlords who have every justification for reasonable rent increases. Note the use…
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