Austin, TX Multifamily Market Report | Yardi Matrix | Q4 2025

Market Overview

Austin led all major metros tracked by Yardi Matrix in delivery volume through September 2025, completing 20,311 units, equal to 6.0% of existing stock, with another 30,431 still under construction. The weight of that pipeline showed up in the fundamentals: asking rents dipped 0.2% on a trailing three-month basis to $1,542, and occupancy in stabilized assets slipped to 92.8% in August as weaker Renter-by-Necessity demand offset Lifestyle gains. On the demand side, employers added 9,600 net jobs through July, with employment growing at 1.2%, above the national rate, and unemployment holding at 3.9%, better than both state and national benchmarks. Construction starts softened through the period, pointing toward a gradual easing of supply pressure ahead.

About Yardi Matrix

Yardi Matrix is a national commercial real estate data and analytics firm serving investors, developers, and property managers across asset classes. Their Austin November 2025 multifamily market report covers asking rents, occupancy, construction pipeline activity, and investment volume to help owners and investors assess market conditions. To read the full report, click here.