http://crosslandteam.com/blog/2007/05/23/austin-apartment-rental-market-still-going-strong/ Austin Real Estate Blog Fri, 11 May 2012 17:13:15 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://crosslandteam.com/blog/2007/05/23/austin-apartment-rental-market-still-going-strong/#comment-64758 Austin Apartment Guy Tue, 17 Feb 2009 19:45:59 +0000 http://ben.crosslandteam.com/blog/2007/05/23/austin-apartment-rental-market-still-going-strong/#comment-64758 Finally someone who sees the positive aspects of the market right now instead of just the negative. Apartment rates in particular are some of the highest ever right now. However the apartment communities are both able to maintain the overall value of their property without lowering their rental rates and make their units more affordable to their potential or current tenants with the use of concessions. Ie; 1 month free etc. that they can proprate and use to bring the rents down hundreds of dollars on an average. So yes right now rental rates are very high but don't be fooled this a great time to lease because you can still find specials like 1,2 and in some cases of New construction 3 months free pro-rated over the lease term. Finally someone who sees the positive aspects of the market right now instead of just the negative. Apartment rates in particular are some of the highest ever right now. However the apartment communities are both able to maintain the overall value of their property without lowering their rental rates and make their units more affordable to their potential or current tenants with the use of concessions. Ie; 1 month free etc. that they can proprate and use to bring the rents down hundreds of dollars on an average. So yes right now rental rates are very high but don’t be fooled this a great time to lease because you can still find specials like 1,2 and in some cases of New construction 3 months free pro-rated over the lease term.

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