Austin Multifamily Market Report – March 2025

Market Overview

Austin’s multifamily market entered 2025 under continued pressure from a high supply pipeline. Asking rents declined 0.7% on a trailing three-month basis through January, pushing year-over-year rent growth to -5.4%. Occupancy in stabilized properties dipped to 92.7%, well below the national average. Despite soft rent performance, employment growth remained solid, with the region adding 21,200 net jobs over the past year. Developers delivered over 2,300 units in January alone, with more than 40,000 still underway—reinforcing concerns about oversupply.

About the Yardi Matrix

Yardi Matrix, a division of Yardi Systems, is a premier commercial real estate data and research platform. It delivers in-depth intelligence on multifamily, student housing, office, and industrial sectors, including proprietary data on rents, occupancy, construction, and sales. Yardi Matrix's multifamily reports are trusted by institutional investors, REITs, and property owners for market-level benchmarking and strategic planning.