Statesman confirms: Its a good time to rent in Austin

Our regular readers already know that Austin apartment occupancy is down and rent is not growing very quickly.

A few days later, the Statesmen said the same thing.

They did add a few new facts. This is only the second time in 15 years that occupancy has gone down in the third quarter. Significant because that is when students are moving in, and so it is especially unusual when occupancy goes down.

The advice is the same. Landlords should try and sign people to longer leases. Renters should go for shorter leases and negotiate for more concessions. Many complexes are already offering free months of rent.

They conclude that rent will actually decrease 3% when you include discounts.