Advertisement

Austin Local News

> News > Austin Local News > Austin Apartment builders aim to meet booming demand

Austin Apartment builders aim to meet booming demand

Apartment housing in Austin is booming.

ApartmentData.com's Cindi Reed said 2018 saw a big influx of apartment construction and move ins. Since big tech giants Apple and Google are adding more jobs and the city in general continuing to see job growth, she expects much of the same for the rest of 2019.
The industry hopes to have 11-thousand new apartments ready for move in by the end of the year. 
Reed reported, last year saw a massive influx of apartment buyers and renters, moving from 90% occupancy in 2017, while 2018's final average had occupancy inching past 91%. This boost in demand only added to the rise of rental rates which at last count holds near $1,233.00.
 

(Photo:Shutterstock/stockcreations)

This week Austin City Council will take up new rules for those dockless electric scooters. The proposed...
One man is dead and another in the hospital after an overnight street fight. Austin Police Officer Christopher...
The City of Austin is attempting to increase the number of small businesses that participate in City solicitations...
City leaders are expected to take another stab this year at rewriting Austin's land development code. Before that...
Law enforcement officials make an arrest connected to a spree of vehicle burglaries in Williamson County's Vista...