2018 has started off with a bang for property leases in Austin with the total number of available properties rising, largely due to an almost insatiable demand from the market.
The properties that are being leased in December 2017 are larger compared to those available in December 2016, which has led the overall price per square foot to decline slightly.
That shouldn't come as a surprise, however. The number of new construction apartments that were available at the tail-end of 2017 was at a low not seen since 2013 but the number of single-family homes for rent in Austin had grown by 19%.
JB Goodwin's leasing specialists were strong again, with the average listing renting out 2 days faster than the MLS median. Take a look at the full leasing statistics below and contact JB Goodwin if you're looking for a lease in Austin or to lease your property quickly in Austin.
Posted by Mary Ann Castro
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