Commercial Real Estate Report - Austin, TX [Apartment]

Property Type

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
Hwy 183/Cedar Park -50 bps
Far North Central -50 bps
Far Northwest -40 bps
North Travis -40 bps
Near North Central -30 bps
Central -30 bps
Near Northwest -30 bps
Round Rk/Georgetwn -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

Recent Rent Observations

Location ID Class Rent
North Travis A3515 BC $720
North Travis 60284 BC $950
North Travis 44718 A $850
Far North Central A3647 BC $633
Near North Central 27826 BC $753
Southeast A3501 BC $820
Far Northwest 28381 BC $800
Near Northwest A3624 A $942
Southeast 27848 BC $730
Southeast A3602 BC $740

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 - 140
Central 140 - 260
Near South Central 0 - 140
East 140 - 260
Far South 0 - 140
Central 140 - 260
Central 260 - 380
Central 260 - 380
East 0 - 140
Far South 140 - 260
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%