Q3 2025 Austin Multifamily Report

Market Overview

‍Austin’s multifamily market is beginning to shift course as construction finally cools. Deliveries dropped more than 45 percent year over year, yet vacancy still reached 10.2 percent and effective rent eased to about $1,527 per unit. Absorption remained healthy at 5,603 units in Q3 and the shrinking pipeline signals that supply pressure may start to fade heading into 2026.

‍About Cushman & Wakefield

‍Cushman & Wakefield is a global commercial real estate services firm offering research, advisory, leasing and capital-markets capabilities. Their Austin Q3 2025 multifamily MarketBeat report merges detailed metro-level data on rent, vacancy, absorption, deliveries and pipeline trends to help owners, developers and investors assess strategy, timing and risk. To read the full report, click here.