Austin's multifamily sector is expected to benefit from a strong labor market and a return in investor confidence, a report from the Marcus & Millichap finds.
Particularly, the CRE firm expects two key fundamentals to improve in 2025. While vacancy has seen an uptick due to high supply, it is projected to fall 10 basis points to 7.7 percent. That comes even as metro inventory in Atlanta is expected to tick up by more than seven percent for the second consecutive year, representing the highest increase among all major markets in the U.S.
Also, rents are finally expected to increase after two straight years of declines. By December, the category is forecasted by Marcus to reach $1,556 per month, up 1.5 percent from 2024.
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