Q. Why are there no addresses listed in your ads?
A. In order to receive credit for leasing the property, we have to show you the property. In order to give you the most choices, we work all open listings, not just ours.(we work with well over 95% of the complexes in town) In some cases, we can meet you at the property to make it easy on you. Or in some situations (like a long distance, sight unseen rental) , register you ahead of time, so we would not have to be there, but we have to arrange this before you look at the property.
A. Can you send me a list of apartments in Austin?
Unfortunately there is no such thing as a true updated list of available Austin apartment rentals. There are hundreds of rental management and private owners in town, without an MLS type system. Which is why we exist - because it is .a overwhelming task to do it yourself. Therefore we have no correlated list available that we can send you. You can always check our website for an updated selection (but it only lists a small percentage of what available apartments in Austin we have) . Anyone who says they have a list of apartments actually has a limited database of the units - the ones that will work with them on a smaller commission when they "send" you to apartments on that list, without checking availability - MOST OF WHICH DO NOT HAVE AVAILABILITY OF UNITS MEETING YOUR CRITERIA.
The main reason a list wouldn't help you is that it doesn't show what is available! Availability of units for a particular price, area, etc. literally change daily. Our job is to do the legwork for you, and find the best ones available using your criteria so you can pick from the top ones. Otherwise, you might as well use the yellow pages as a "list". We are full service professional real estate agents, like Realtors
Q. How else can you help me?
We can advise you on all aspects of your search, and find those "hard to find" properties that have:
- Unique Floorplans - roommate plans, extra closet space,
- New Luxury properties, gated, energy efficient
- Big dog pet friendly communities including breed specific policies
- Specific amenities - Gas cooking, dog parks, townhome style, condo specs, garages
- Unique Units or exteriors - lofts, townhouses, yards, duplexes
- Short Term leases (and the ones with the smallest upcharges)
- Move-in Specials - $0 move-in , 1,2 even 3 months Free
- Pre-leases and waiting lists
- Bus lines, estimated commuting times, maps
- Special issues - damaged credit
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Current News Articles
Austin Texas Apartment Market Report
December 2011 Update
ALN Apartment Data
- Austin apartment occupancy if flying high right now at 94.5% & effective rents are averaging $886/mo. Austin had previously peaked at 94.2% Occupancy in Oct of 2007 with effective rents peaking at $841 in August of 2008 before falling to a low of 86.9% in May 2009
- Rents continued falling and bottomed out at $787 in Jan. 2010. The 6.4% drop in average Effective Rent from it's peak to it's low, accompanied by the 7.7% drop in Occupancy meant rents were down as much as 8.1% at one point (to $701) from the peak.
- However, Austin recovered relatively quickly, surpassing the $841 in Effective Rent in March, 2011 and climbed all the way up to $891/mo in September before retreating a bit in the 4th Quarter of 2011
- Occupancy also has risen virtually every month since then and passed the 95% mark in Oct 2011 before pulling back to the current mark. Consequently Austin has a realized rent of $837 currently, leading the Texas markets by far.
- Austin is starting to experience an earlier start of apartment construction activity than the other Texas markets but the overall multi-family market conditions remain very strong. A large increase in Occupancy in 2012 in not anticipated and though Austin has seen rent growth of around 5% each of the last 2 years, I think the pace in 2012 will slow just a bit.
Austin's apartment market still sizzling hot
January, 2012
The Austin-area apartment market is hot these days, as heightened demand due to job and population growth plus a lag in new projects have combined to make it the hottest sector of the real estate market. The Austin apartment market has been on a hot streak for at least a year and a half, and while the rush for rentals is making for happy landlords, tenants are feeling the pinch, The trend is expected to continue tthrough 2012, as it will take time for supply to catch up to demand, even though the development pipeline for Central Texas is bulging with 10,000 - 12,000 planned apartment units as developers rush to fill the void.
MPF Research, which tracks rents and occupancies in Austin and other markets, says the local Austin / Round Rock / Cedar Park apartment market will be the nation's No. 2 performer this year based on projected increases in rents and occupancies, just behind San Francisco, CA Last year Austin ranked No. 6 among major U.S. markets based on its 7.2 % increase in rents, trailing San Francisco, San Jose and Oakland , and Boston and New York. Nationwide, rents rose an average of 4.7 percent, MPF says.
Capitol Market Research predicts that the Austin area apartment market will be on the upswing for at least another 2 to 3 years It's data, which tracks 145,000 units in Austin and other areas, including Round Rock, Pflugerville, Cedar Park, Leander and Kyle, shows that the region ended 2011 with 95.9% of its apartments occupied, up from 94.8 percent at the end of 2010.
The all-time high — 97.6 percent occupancy — was reached in December 2000
Average rents across all unit types — 1, 2 and 3-bedrooms — climbed last year to $913/mo, compared with $853 in 2010. Rents for 1 bedroom units saw the biggest jump, soaring to $878/moas of December, 2011 compared with $731 at the end of 2010 MPF forecasts rent growth of about 5.5% in 2013 and about 4% in 2014. Forecasts show Austin will have demand for about 4,800 apartment units this year. About 3,100 new units are expected to be completed this year, followed by 4,900 in 2013. Thousands more units are in the planning stages, bu some of those projects could have problems obtaining financing.
Austin apartment rents will rise, MPF report says
Austin Business Journal
Apartment occupancy rates jumped notably in 2010 and 2011, prompting decreased supply & higher prices, according to a recent report.MPF Research said the market further contracted in 2011, and Austin will become the country’s 2nd best apartment industry performer.Occupancy is expected to rise another 2.2 percent this year with a co-ncurrent 6.8% increase in rental rates.
Wave of apartment development on the way
2011
Austin's sizzling apartment market is prompting developers to race to the starting gate with new projects. The development plans come as apartment rents have hit record highs and the occupancy rate has jumped to 95%.
Whisper Valley and Indian Hills projects ready to go
With $40 million in municipal bond financing in place , Taurus of Texas Holdings LP is ready to proceed with two mixed use projects on the city’s east side. The 2,000+acre Whisper Valley is near the future Braker Lane extension & State Highway 130 and will support about 4,800 single-family homes & townhouses, 2,600 multi-family units and more than two (2) million square feet of office/retail space.
The 238 acre Indian Hills, at the intersection of Decker Lake Rd. and SH 130 will include 1,160 multiffamily units and 1.75 million square feet of office, commercial & neighborhood retail space, and light industrial. Completion is expected to take 30 and 40 years.
New venture to build 1,000 apartments
2011
Two Austin-based companies have teamed to form a new business that plans to build 1,000 apartments in four projects over the next two to three years across Central Texas, company officials said.
The first two projects are expected to be in the Lakeline Mall area, and one could be under construction before the end of the year.
Captex mostly has done residential land development, with projects including the 900-acre Canyon Creek community on RM 620. Captex also started the Forest Creek residential project in Round Rock.
The partnership comes as the region's apartment market is experiencing a resurgence. Rents rose to their highest level on record by the end of 2010 — an average of $731/mo for the average one-bedroom and $989 for the average two-bedroom — and leasing levels soared to an all-time high in 2010, according to Capitol Market Research, an Austin-based real estate consulting firm.
The first project could be on 22 acres at the NW corner of Parmer Lane and Spectrum Dr,
HPI Residential intends to build apartments at Davis Springs even if it acquires the other site.HPI Residential is focused on suburban locations but also is interested in sites within five miles of downtown, Anderson said.
Projects will add 780 apartments along East Riverside corridor
Two apartment projects announced a few years ago along E. Riverside Drive are ready to move forward as the local multi-family market heats up. With a 3rd project under way, the plans will add and additional 780 residential living units
.
Construction is planned for later this year on the street and utility infrastructure for the western 26 acres in what is known as the Lakeshore planned unit development, or PUD . A month or two later,Cypress Real Estate Advisors will break ground on the 1st component, a $30 million apartment project with 230 luxury units along South Lakeshore Boulevard, east of Riverside Dr.
Rents for units in the 3 story building are expected to range from $900/mo for a 1 bedroom to $1,600/mo for a3 bedroom unit, Grayco Partners plans to start construction on a nearby project by the fall on 250 apartments in a 4 story building with street level retail,
At the NE corner of Riverside and Interstate 35, work has started on a 300 unit, 4-building complex on the lakefront site of a failed condo project. The CityView project is expected to be completed in 2013. The 375 unit AMLI South Shore apartment complex opened last year, and AMLI said leasing is ahead of expectations, with occupancy now at over 75%
Palms on North Lamar
Mulholland Group recently opened its new twenty-one building, 476 unit affordable housing community located at 8602 N. Lamar Blvd. The $35 million Palms on North Lamar was financed in part by the largest tax credit arrangements awarded by the American Recovery and Investment Act in Texas in 2010.
The new apartment units are targeted to individuals & families making less than 60% of the median family income in the area. Developers will work with Front Steps, a non-profit group;an organization that works to transition homeless individuals. Around 15 homeless individuals are anticipated to participate in the program.
Beware of misleading Craigslist ads
A recurring Craigslist ad continues to promise great deals on Austin apartments. Every month, more people fall victim.
Historical Data on Renting in Central Texas
Rents are for 2-bedroom, 2-bath units. Occupancy rates
are for all apartments.
Date Average rent Occupancy rate
June 2000 $913 98%
June 2001 $951 93%
June 2002 $868 90%
June 2003 $812 88%
June 2004 $784 89%
June 2005 $811 93%
June 2006 $861 95%
June 2007 $900 93%
June 2008 $905 92%
Feb 2009 $870 88%
March 2009 $824 87%
Sept 2009 $820 87%
March 2010 $850 91%
August 2010 $874 94%
May 2011 $890 95%
December 2011 $898 95.9%
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Proposed Construction / Greater Austin - February 2011
Name * = Affordable Housing Units Area
** = Senior Housing
--------------------------------- ----- ----------------------
Central:
- Robertson Hill II/Lane-SW 282 Downtown /UT/ Riverside
- Gables Republic Park 221 Downtown /UT/ Riverside
- Post 1500 S Lamar/Post 298 Downtown /UT/Riverside
- The Milan 100 Downtown /UT/Riverside
- 5400 N Lamar/Camden 290 Downtown /UT/Riverside
- Riverside Square Redev/CWS 300 Downtow n/UT/Riverside
- Greystar Magnolia 245 Downtow n/UT/Riverside
- District SoCo/Kaplan 215 Downtown /UT/Riverside
- 21st at Pearl/Lee Prop 121 Downtown /UT/Riverside
Northeast & Southeast:
- Mueller Airport Site II/Simmons Vedder 300 Northeast
- South Shore District I & II/Grayco 1175 Southeast/Riverside Dr
North & Northwest:
- Riverhorse Ranch II/Belco 278 Pflugerville/RR/Gtown
- Mansions at Round Rock II/Chaucer 237 Pflugerville/RR/Gtown
- Criterion at Harris Ridge 400 Pflugerville/RR/Gtown
- Crestview Station II/High Street Res 600 North
- Greystar Stone Hill 300 Pflugerville/RR/Gtown
- Two Rivers/Larry Peel 163 Pflugerville/RR/Gtown
- Archstone Hogfarm 500 Cedar Park / Leander
- RIATA IX/Legacy 306 Cdr Cedar Park / Leander
- Little Elm/GenCap 372 Cedar Park / Leander/ Jollyvlille
- Crossings La Frontera/Simmons Vedder 357 Cdr Pk/Leandr/Jollyvl
- Crossings Lakeline/Simmons Vedder 400 Cdr Pk/Leandr/Jollyvl
- Camden Amber Oaks II/Camden 250 Cdr Pk/Leandr/Jollyvl
- Park North/GenCap 600 Cdr Pk/Leandr/Jollyvl
- Fairfield at Ribelin Ranch 298 Cdr Pk/Leandr/Jollyvl
- Crystal Falls/GenCap 488 Cdr Pk/Leandr/Jollyville
South & West:
- Stonecreek Canyon/Moody National 184 South/Hwy 71/I-35
- Alexan Legacy Oaks/Trammell Crow 372 South/Hwy 71/I-35
- Verde LaDera 300 South/Hwy 71/I-35
- Vantage at Plum Creek* (Kyle) 264 South/Hwy 71/I-35
- Colonial Village at Cityway 376 South/Hwy 71/I-35
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Total (31 properties) 10,588
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