The recent rent performance of apartments in downtown Austin continues to stand apart from the rest of the city's multifamily market. Apartment building owners in downtown have continued to raise asking rents even as apartments in many other parts of the region reduce them in response to a glut of new supply.
Downtown outshines the rest of Austin, Texas’ multifamily market
Average asking rents for apartments in downtown Austin increased 4.3% over the past year, while rents marketwide declined
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