rents

We're hearing reports of soaring rents in high-end downtown Austin rental buildings like the Monarch, Ashton, and AMLI.

In one case, a tenant's recent renewal resulted in a 30% increase in the market rate and the elimination of concessions.

In total, this meant a rent increase of more than 50%.

Earlier this year, the 44-story 360 condo project opened with most of it's 430 units sold out.

A small number of owners held special investor deeds which allowed them to freely rent their units. Now, 20 units have hit the rental market with monthly rents ranging from $1,550 to $3,200.