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August 25, 2023
Austin’s Nation-Topping Population Growth Mitigates Long-Term Supply Wave Impact Growing millennial and Gen Z populations backstop demand. Similar to last year, an incoming supply wave will place upward pressure on vacancy as new units are added at an elevated pace. In 2023, the metro is set to record its highest year-over-year inventory change since at...
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Orlando Solidly-Positioned to Weather New Supply as Standout In-Migration Provides Momentum Robust household formation guides metro through flux period. Far from March 2022’s low, vacancy has more than doubled over the past 12 months. Up to 5.2 percent in April, further rises are likely, as the metro welcomes a record volume of deliveries. Supply pressures...
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