Monday, February 1, 2010

Austin Rents Fall 5%

More downward pressure on prices from the weak job market.


-Mr. Bubble


TEXAS MULTIFAMILY OCCUPANCY, RENTS DOWN LAST MONTH


CARROLLTON (ALNsystems.com) – The number of apartments rented statewide dropped 2.4 percent between December 2008 and December 2009, according to the latest figures from ALN. Meanwhile, rents fell by an average of 2.5 percent.
Here's how select cities fared for the year ending December 2009:

Austin
Occupancy stayed roughly the same, while average monthly rent dropped 4.7 percent from $827 to $788.

1 comment:

  1. Did you know:

    Texas had to borrow a cool billion dollars last year just to pay its unemployment benefits?

    Everything is fine here. Nothing to see...

    ReplyDelete