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Premium apartments proliferate in Austin, Texas, taking a dominant share of the market

Development in downtown and other fast-growing suburbs drive the shift
By Israel Linares
CoStar Analytics
September 27, 2024 | 8:49 P.M.

High quality 4- and 5-star units continue to be the most common property type in Austin, highlighting developers' drive to meet the needs of higher-income households moving to the state capital. These luxury units have been built across urban and suburban areas in response to Austin’s booming population.

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