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Downtown Austin Avoids Rent Cuts Seen Elsewhere

Downtown Austin Avoids Rent Cuts Seen Elsewhere

Austin is the only metro among the country’s 50 largest markets where rents dropped in the year-ending 1st quarter 2018. However, rent growth continues in select neighborhoods. One of the best performances is the 3.9% rent growth in the Downtown/University submarket. This pattern reverses the trend seen in most metros, as so many markets register comparatively weak urban core rent momentum.

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