Austin Multifamily Rents Rise After Three-Year Slide

Bisnow reports that Austin multifamily rents increased in the second quarter for the first time in three years. Northmarq measured a 1.8% quarterly rise in effective rents to $1,316 after 12 straight quarters of decline. The increase marks an early shift for a market still working through severe oversupply. Read on to learn more: Link

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