The multifamily market in Austin made some strides during 2007, despite a lack luster fourth quarter, where there was negative absorption and a slight decline in occupancy. Annual absorption totaled 1,275 units, with the Class A and B markets both posting strong yearly figures of 1,558 and 577 units, respectively....
Austin property tax appeals depend on real estate, valuation and advocacy. This paper provides insights for preparing for your Austin property tax appeal. Real estate valuation is a combination of art and science. Estimates of value are based upon judgment, data and analysis. Judgment is required to select the best...
Austin apartment occupancy, at 93.39%, remains the highest among the major Texas markets. Further, rental rates in Austin recorded yet another monthly increase in September, and continue to the lead the state. Absorption in Austin was positive for the second straight month and trailed only the Dallas/Fort Worth market in...
Despite Austin's robust first quarter postings, multifamily demand slowed slightly during the second quarter of 2007. Overall absorption totaled 253 units, down from 605 units in the first quarter and overall occupancy fell 0.32 points over the quarter to 92.98 percent. Austin area classes A, B and D housing experienced...
Occupancy in the Austin market fell for the third consecutive month; however, Austin occupancy remains the highest of any major Texas market. Austin average rental rates increased another $0.002 psf in July, and are the highest in the state. With -189 units absorbed over the month, Austin was the only...
Despite an occupancy rate decrease in May, the rate for Austin remains the highest of any Texas market. This is according to the O'Connor & Associates May Austin Apartment Update Report. Rental rates continued to climb, and are also the highest in the state. Monthly absorption in the Austin market...
Occupancy in the Austin market decreased once again during June; however, Austin occupancy remains the highest of any major Texas market. Rental rates continued to climb, and are also the highest in the state. Monthly absorption in the Austin market, while positive, was once again not as strong as the...
Occupancy in the Austin market decreased in May; however, Austin occupancy remains the highest of any Texas market. Rental rates continued to climb, and are also the highest in the state. Monthly absorption in the Austin market was once again softer than the three other major Texas markets. Austin apartment...
In the Austin area, the apartment market saw impressive growth in all areas of occupancy, rent per unit, rent per square foot and absorption. With forecasts of a strong demand, more jobs and the fact that construction is on-pace with demand, it appears a good year is in store for...
The Austin apartment market appears to be the most capable of all the major Texas markets of withstanding the effects of Hurricane Katrina. This is according to the fourth-quarter apartment update reported by O'Connor & Associates, the Houston-based real estate consulting firm and leader in apartment market research data in...
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