Report

Q125 | Multifamily Market Report | Austin, TX

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Market Overview

Austin’s vacancy rate rose to 14.9% in Q1 2025, marking the highest in the country amid ongoing fallout from 2024’s record-setting 31,000 unit deliveries. Although absorption remained steady at 3,600 units this quarter, it wasn't enough to offset new supply. Rent growth remained negative at -4.1%, and developers continued to hold back on new starts, indicating a cautious shift in the pipeline. With completions expected to decline 65% in 2025, the market is expected to slowly rebalance as demand begins to catch up with inventory.

About Matthews

Matthews Real Estate Investment Services is a commercial real estate brokerage firm specializing in investment sales and leasing. Their multifamily research reports leverage CoStar data and proprietary analytics to provide clear, actionable insights into market fundamentals, trends, and transactional activity. Known for their focus on transparency and detail, Matthews serves a national client base with a local-market lens.

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