{"id":1004169487,"date":"2017-03-21T04:50:24","date_gmt":"2017-03-21T12:50:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004169487"},"modified":"2025-02-26T23:27:00","modified_gmt":"2025-02-27T07:27:00","slug":"yardi-matrix-cooling-rents-austins-city-limits","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-cooling-rents-austins-city-limits\/","title":{"rendered":"Yardi Matrix: Cooling Rents, Austin&#8217;s City Limits"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<div id=\"attachment_1004156518\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/03\/austin-vs.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004156518\" data-attachment-id=\"1004156518\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/toastmasters-moves-global-hq-to-denver\/toastmasters-international-colorado-headquarters\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/429119.jpg\" data-orig-size=\"800,534\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;PR NEWSWIRE&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Toastmasters International\\u0026apos;s future World Headquarters at 9127 South Jamaica St., Englewood, Colo. (PRNewsFoto\/Toastmasters International)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Toastmasters International - Colorado Headquarters&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Toastmasters International &#8211; Colorado Headquarters\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Toastmasters International&amp;apos;s future World Headquarters at 9127 South Jamaica St., Englewood, Colo. (PRNewsFoto\/Toastmasters International)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/429119.jpg?w=800\" class=\"wp-image-1004156518\" src=\"https:\/\/internal.multihousingnews.com\/wp-content\/uploads\/sites\/46\/2017\/03\/austin-vs.jpg\" alt=\"\" width=\"400\" height=\"169\" \/><\/a><p id=\"caption-attachment-1004156518\" class=\"wp-caption-text\">Austin rent evolution, click to enlarge<\/p><\/div>\n<p>Austin\u2019s multifamily market continues to be a hotbed of activity, despite a growing sense of caution that rents and development are beginning to decelerate. Economic and population growth are creating strong demand for multifamily. Employment is also expanding, especially in technology; education and health care; trade, transportation and utilities; and construction. These sectors entice young professionals, many of whom are relocating. However, the market faces challenges, foremost affordability and supply growth.<\/p>\n<p>Austin\u2019s healthy economy and friendly business climate continue to attract investment and development, as a new wave of office construction is underway in the Northwest and Southwest. The Dell Medical School at the University of Texas at Austin opened last summer, contributing 350 new jobs. Additional development is underway at the university, resulting in more health-care jobs.<\/p>\n<p>Although demand remains strong\u2014population has risen 12 percent since 2011\u2014supply is a growing concern. More than 11,000 units came online in 2016, a 5.3 percent expansion of stock, well above the 2.5 percent national average. Investors have been drawn to the locale\u2019s growth prospects, turning Austin into a top secondary market. Given the metro\u2019s strong fundamentals and likely advancement, we expect rents to grow 6.9 percent in 2017.<\/p>\n<p>Read the full<a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/206-Austin-Winter2017Outlook?utm_medium=Research-Center&amp;utm_source=CPE&amp;utm_campaign=206-Austin-Winter2017Outlook\" target=\"_blank\" rel=\"noopener noreferrer\"> Yardi Matrix report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The metro&#8217;s multifamily market continues to be a hotbed of activity, despite a growing sense of caution that rents and development are beginning to decelerate.<\/p>\n","protected":false},"author":1318,"featured_media":1004169489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,1578,21808,21742,37795],"tags":[],"class_list":["post-1004169487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-austin","category-featured","category-latest","category-rc-occupancy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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