MARKET SNAPSHOT

Austin Q1 2025

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AVERAGE RENT

$1,552 Q1 2025

OCCUPANCY RATE

90.4% Q1 2025

QUARTERLY NET ABSORPTION

4,587 Q1 2025

ANNUAL RENT CHANGE

-3.9% Q1 2025

ANNUAL OCCUPANCY CHANGE

-70 BPS Q1 2025

QUARTERLY COMPLETIONS

3,668 Q1 2025

KEY TAKEAWAYS
Austin renters absorbed nearly 4,600 apartment units in Q1 2025, the second-highest first-quarter total since 2000—and the first time in 14 quarters that demand outpaced new supply.
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New deliveries in Austin fell 33% in Q1 2025, signaling a slowdown in construction, though the pipeline remains elevated with 18,000 units still underway.
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Early signs of stabilization emerged in urban Austin, with Downtown, East, and West Austin all posting quarterly occupancy gains in Q1 2025.
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MARKET OUTLOOK

The gap between supply and demand in Austin’s multifamily market flipped in the first quarter of 2025, with net absorption surpassing new deliveries by 920 units...

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Featured Texas Research Reports:

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Michael Watson

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Mark Diebold

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Alex Thompson

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Christopher Peck

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Thomas Rodriguez

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