MARKET SNAPSHOT

Austin Q2 2026

DOWNLOAD THE FULL REPORT

AVERAGE RENT

$1,412 Q2 2026

OCCUPANCY RATE

89.8% Q2 2026

NET ABSORPTION

19,522 T4Q

ANNUAL RENT CHANGE

-4.2% Q2 2026

ANNUAL OCCUPANCY CHANGE

-35 BPS

COMPLETIONS

12,726 T4Q

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.

Click Here

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.

Click Here

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.

Click Here

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...

READ THE FULL REPORT