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You are here: Home / News / Forecast: Austin Rents to Sharply Rise
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Forecast: Austin Rents to Sharply Rise

towers staff January 7, 2011 Comment

According to the Austin Business Journal, "apartment occupancy rates jumped notably in 2010, prompting decreased supply and higher prices, according to a recent report."As demand continues to outstrip supply this year, the City is predicted to become the country's second best industry performer --- in terms of rent growth -- after San Jose, California.According to the study by MPF Research, Austin "occupancy is expected to rise another 2.2 percentage points this year with a concurrent 6.8 percent increase in rental rates. Only San Jose, with 10.2 percent revenue growth, is expected to outperform Austin's net . . .

 

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48 East Ave #1007
Austin, TX
Photo of 48 East Ave #1007, Austin, TX 78701 (MLS # 8700780)
$475,000
17
  • Lot Size
    40 sqft

  • Home Size
    463 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

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48 East Ave #1007
Austin, TX
Photo of 48 East Ave #1007, Austin, TX 78701 (MLS # 8700780)
$475,000
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  • Beds
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  • Baths
    1 Bath

507 Sabine ST #907
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Photo of 507 Sabine ST #907, Austin, TX 78701 (MLS # 6667684)
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Photo of 360 Nueces ST #4305, Austin, TX 78701 (MLS # 1553128)
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