• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TOWERS

Austin city life since 2007.

  • News
    • Condo Projects
    • Neighborhoods
  • Listings
    • Austin Condo Guide
  • Newsletter
Search
You are here: Home / News / Report: Downtown Rents Soaring
Search suggestions: condos for sale • rainey street

Report: Downtown Rents Soaring

towers staff March 7, 2011 Comment

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%.

While downtown rental properties struggled to find tenants a few years ago, all of the major buildings are now full. Vacated units are re-leased with amazing speed — turnovers now average just a few days between tenants. With many new residents and few new units, supply and demand is pushing rents higher very quickly.

With no new projects in site, rents are likely to continue to in crease as new people migrate to Austin and financing for condo buyers remains difficult to obtain.

Tweet

Related

Filed Under: News

About towers staff

Real estate, architecture, and city planning. Email: austin@towers.net

608 Brentwood Street #A
Austin, TX
Photo of 608  Brentwood Street #A, Austin, TX 78752 (MLS # 3202099)
$1,000,000
28
  • Lot Size
    4,356 sqft

  • Home Size
    1,959 sqft

  • Beds
    3 Beds

  • Baths
    3 Baths

Previous Post: « Austin Population Explosion Continues
Next Post: Exclusive: Condo Sales Soar in February »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  •  Schedule a showing

FEATURED Listings

555 E 5th Street #912
Austin, TX
Photo of 555 E 5th Street #912, Austin, TX 78701 (MLS # 2622869)
$3,795,000
38
  • Lot Size
    427 sqft

  • Home Size
    4,051 sqft

  • Beds
    3 Beds

  • Baths
    3 Baths

View Virtual Tour
210 Lavaca Street #2310
Austin, TX
Photo of 210  Lavaca Street #2310, Austin, TX 78701 (MLS # 8383770)
$1,849,000
35
  • Lot Size

  • Home Size
    1,423 sqft

  • Beds
    2 Beds

  • Baths
    3 Baths

View Virtual Tour
44 East Avenue #2307
Austin, TX
Photo of 44  East Avenue #2307, Austin, TX 78701 (MLS # 1482427)
$995,000
40
  • Lot Size

  • Home Size
    1,221 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

54 Rainey Street #1116
Austin, TX
Photo of 54  Rainey Street #1116, Austin, TX 78701 (MLS # 1317121)
$625,000
21
  • Lot Size
    218 sqft

  • Home Size
    852 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

603 Davis Street #604
Austin, TX
Photo of 603  Davis Street #604, Austin, TX 78701 (MLS # 2434110)
$649,900
22
  • Lot Size
    214 sqft

  • Home Size
    1,136 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

austin condo report

Featured Buildings

  • The Independent
  • Fifth & West
  • 360
  • Austin City Lofts
  • W Residences
  • The Shore
  • 70 Rainey

Footer

LEGAL NOTICE

TREC Information About Brokerage Services (pdf)

Texas Real Estate Commission Consumer Protection Notice


TOWERS realty

Austin Condos For Sale

Agents

Downtown Buildings

Luxury Towers

  • Four Seasons Residences
  • W Hotel & Residences
  • The Austonian
  • 5 Fifty Five at Hilton

Most Popular

  • The Shore
  • 360 Condos
  • Seaholm Condos
  • Spring Condos
  • Milago Condos

New Construction

  • The Independent
  • 70 Rainey
  • Austin Proper
  • Fifth & West

Loft Style

  • Austin City Lofts
  • Brazos Place
  • The Sabine
  • Plaza Lofts
  • Brown Building

Resources

  • Austin Condo Guide
  • Condos For Sale
  • Condo Buyer FAQ
  • Property Search

Featured

Archives

Newsletter · About · Contact Us · DMCA · Privacy Policy · SLAPP · Copyright © 2007-2022 TOWERS.net · All Rights Reserved