Austin’s rental market is projected to become more expensive as the city’s supply of empty apartments diminishes. In an article with The Wall Street Journal, our president, Mark Pasierb, notes that “Austin is the bellwether” [for other Sunbelt markets]. Kingbird’s analysis posits a 14% headline vacancy rate as a lagging indicator that does not fully reflect the structural shift underway. The market’s historically high deliveries are being absorbed across the region while construction pipelines shrink.
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