Q1 2025 | Austin Multifamily Market Report

Market Overview

In Q1 2025, the Austin-San Marcos multifamily market showed signs of stabilization after a year of record-breaking deliveries. Occupancy inched up to 93.0%, supported by 5,758 units absorbed—outpacing the 5,400 units delivered. Despite this progress, average monthly rents continued their downward trend, settling at $1,461. Developers scaled back construction significantly, with new supply down 33% compared to the previous quarter and a total of 20,575 units remaining under construction. The market is adjusting to years of aggressive development, with demand now gradually catching up.

About Colliers

Colliers is a leading global real estate services and investment management company. Their quarterly multifamily market reports offer data-backed insights into leasing activity, occupancy, rental trends, construction pipelines, and capital markets across major U.S. metros. The firm's local expertise and access to proprietary analytics tools allow them to deliver timely intelligence for real estate investors, developers, and property managers.