Austin Multifamily Market 3Q25

Market Overview

‍After more than a year of headwinds, the Austin multifamily market appears to be shifting gears as demand finally outpaced new deliveries in Q3 2025, about 13,316 units absorbed versus 13,316 delivered, pushing occupancy up to roughly 93.5% and average asking rent around $1,498. The under-construction pipeline has also begun to thin, down to approximately 18,000 units, setting the stage for improved fundamentals into 2026 and 2027. Despite recent softness, the metro remains one of the fastest-growing in the U.S., enhancing long-term upside.

‍About Newmark

‍Newmark is a full-service real-estate advisory and investment-services firm with a strong research practice focused on multifamily markets. Their Austin market snapshot melds metro-level data on rent, occupancy, pipeline trends and economic drivers to deliver actionable insights for owners, investors and developers navigating timing, supply risk and asset-class positioning. To read the full report, click here.