Q2 2025 | Austin Multifamily Market Report

Market Overview

In Q2 2025, Austin’s multifamily market continued to see shifting dynamics. New apartment supply fell by 30.6 percent compared to the previous quarter, reinforcing a steady decline in inventory additions. The existing unit count climbed to a record 341,612 units, driven by ongoing development momentum. Meanwhile, 18,029 units were under construction, and average asking rent declined to $1,453, marking the eighth consecutive quarterly drop. Despite the supply wave, occupancy rose to 93.9 percent, suggesting increasing demand is beginning to absorb new inventory.

About Colliers

Colliers is a leading global real estate services firm headquartered in Toronto, operating across more than 60 countries. The firm offers expertise in brokerage, capital markets, valuation, advisory, and market research. Colliers’ Austin multifamily reports leverage detailed inventory, supply, and rent trends to help investors, owners, and developers assess local market balance and evolution.