Commercial Real Estate Report - Austin, TX [Apartment]

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Property Type

Apartment
Office
Retail

View market and submarket information on Apartment space in Austin, Texas. Our detailed reports provide commercial real estate information like commercial property rates, commercial vacancy rates, asking rents, current inventory, lease terms, employment data and more in Austin, Texas.

Boundaries

Display:
Recent Sales New Construction Highlight Submarkets

Latest Quarterly Reports (Q1 2013)

Austin, TX - Entire Metro
Submarkets
San Marcos/N Hays -110 bps
East -100 bps
Ranch Rd 620N/FM2222 -60 bps
Far North Central -50 bps
Hwy 183/Cedar Park -50 bps
Far Northwest -40 bps
North Travis -40 bps
Near Northwest -30 bps
Central -30 bps
Round Rk/Georgetwn -30 bps
Near North Central -30 bps
Far South -20 bps
Southeast 30 bps
Near South Central 320 bps

Recent Sales

Cap Rate Trend

Sales Trend
Q1
2013 		Q4
2012 		Q3
2012 		Q2
2012
Mean -- 4.9% 5.1% 10.8%
Median -- 4.6% 5.2% 10.8%
12 Month Rolling 5.9% 6.9% 8.5% 8.2%

Commercial Real Estate News

Headline Date
City Council Gives Final Approva... 11/02/2018
Council Approves 18 Townhouses I... 11/21/2018
Austin Energy Plan Calls for $15... 12/12/2018
Preferred Apartment Communities,... 12/12/2018
Newmark Knight Frank Closes 460-... 12/10/2018
Council Approves Development of ... 10/19/2018
182-Unit Tyndall Condo Project O... 11/13/2018
New $18.4 Million Housing Comple... 09/28/2018
Exclusive: 51-Story Condo Tower ... 10/03/2018

Recent Rent Observations

Location ID Class Rent
Round Rk/Georgetwn 84758 BC $1,041
North Travis 76896 BC $999
Round Rk/Georgetwn 82516 A $991
Round Rk/Georgetwn 51696 BC $834
East 28498 BC $761
Near North Central 28958 BC $838
Central 28948 BC $531
Southeast 69590 BC $839
Southeast 28506 BC $684
Southeast 28539 A $1,012

Change From Previous Quarter

Market Rent Vac Inv
Austin 0.3% -10 bps 0.1%
Southwest Region 0.6% -40 bps 0.2%
United States 0.2% -10 bps 0.0%
Metro vs. Region -0.3% 30 bps 0.0%
Metro vs. US 0.1% 0 bps 0.0%

Latest New Construction Updates

Location Size
Near South Central 0 - 110
Central 110 - 200
Near South Central 0 - 110
East 110 - 200
Far South 0 - 110
Central 200 - 290
Central 200 - 290
Central 290 - 380
East 0 - 110
Far South 200 - 290
View all Construction Projects

National Apartment Real Estate Trends

Vacancy Trends
Supply and Demand
Inventory Change
Inventory Change

Metropolitan Apartment Rankings (Q1 2013)

Based on 275 U.S. Markets
Value:
109. Yuba, CA 3.8%
110. Chattanooga, TN 3.9%
111. Cincinnati, OH 3.9%
112. Denver, CO 3.9%
113. Albuquerque, NM 4.0%
114. Austin, TX 4.0%
115. Green Bay, WI 4.0%
116. Houma, LA 4.0%
117. Suburban Maryland, MD 4.0%
118. Tacoma, WA 4.0%
119. Abilene, TX 4.1%

Avg Annual Growth Rate (2013 - 2017)

Market Rent Vac Inv
Austin -0.5% 571 bps 2.2%
Southwest Region 0.8% 664 bps 1.9%
United States 0.9% 485 bps 1.0%
Metro vs. Region -1.3% -93 bps 0.4%
Metro vs. US -1.4% 86 bps 1.2%