Over the last decade, Austin has been one of the strongest rental markets in the country. As rents increased while supply grew, developers continued to come to Austin to add new rental capacity.
Over the last few months, this trend has reversed. With thousands of new units hitting the market and economic conditions deteriorating, both rents and vacancy have begun to slide.
Since the vast majority of Austin rental units are outside of downtown, the recent slide most effects...
La Vista on Lavaca is Back: to Proceed With Construction
La Vista on Lavaca, an eight-story residential mixed-use tower consisting of 19 condominiums on the top four floors, a three-floor Executive Business...
AustinTowers.net Featured in NBC Story on Downtown Austin...
Austin Towers Editor Paul D’Arcy was featured Thursday in a KXAN NBC Austin News story on the downtown Austin rental market. As we have...
October, 2008: Austin Market Analysis
As financial markets retreat, the credit crisis looms, foreclosures spike, and mortgage problems persist, the national housing market is clearly...
South Austin Apartment Demolished After Fire
Crews are slowly demolishing the charred building at the Retreat at Barton Creek Apartment Homes after a fire blazed through the homes of many only...
Important New Downtown Development Site
With the large number of downtown building projects under construction, planned, or pending, there are not too many open lots awaiting development....
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