Market Report
Austin Multifamily Market Report
1Q 2026
Shifting Economic Fundamentals Leading
to Repositioning for More Sustainable Growth
Supply headwinds finally abating, aiding ongoing vacancy drops. Austin has been one of the fastest-growing cities in the country in the past five years, with employment expanding by roughly 25 percent since 2020, fueled by broad-based job gains. In response, apartment inventory surged 33 percent from 2020 to 2025 — the fastest rate nationwide. Both trends are expected to decelerate in 2026. The short-term outlook for Austin’s labor market has become more cautious. In the metro’s tech sector, infrastructure strain and return-to-office mandates requiring employees to report to headquarters outside Texas may reduce the size of the metro’s white-collar workforce. However, a sharp slowdown in completions should help offset the impact this dynamic may have on high-end renter demand. The pullback in local development is slated to be most pronounced in fast-growing northern suburbs such as Pflugerville and Round Rock, where rates hovered around 7 percent in late 2025.
TO READ THE FULL ARTICLE
