$0
Average Rent
$1,412 average rent in Austin, Q2 2026
0%
Occupancy Rate
90% occupancy rate Austin, Q2 2026
0
T4Q Net Absorption
19,522 T4Q net absorption in Austin, Q2 2026
0%
Annual Rent Change
-7% annual rent change in Austin, Q2 2026
0
BPS Annual Occupancy Change
-35 BPS annual occupancy change in Austin, Q2 2026
0
T4Q Unit Completions
12,726 T4Q net absorption in Austin, Q2 2026
Key Takeaways
- Demand remains resilient, with trailing 12-month absorption of 19,522 units exceeding 12,726 units delivered, while Q2 absorption of 5,414 units marked the strongest quarterly performance in recent periods.
- The construction pipeline is contracting decisively—trailing 12-month starts fell to 7,156 units from 12,107 a year ago, and 15,174 units remain under construction (4.5% of inventory), down 22% over four quarters.
- Effective rents of $1,412 per unit remain down 4.2% year-over-year, but the 2.0% quarter-over-quarter gain signals a potential inflection point, while occupancy of 89.8% improved 45 basis points sequentially.
Market Outlook
Austin’s multifamily market is firmly in the late stages of its supply cycle. Deliveries have halved over the past year, trailing 12-month starts have contracted 41% to 7,156 units…
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