Central Texas Multifamily Market Updates

4Q21

Investor confidence in the multifamily sector remained strong through the end of 2021. Multifamily investors deployed capital at a greater pace in Sunbelt markets, particularly in Texas, setting records in 2021. Rent growth is expected across all markets in 2022 due to strong demand driven by improving economic conditions with Sunbelt markets expected to outperform the nation. Despite elevated supply, forecasts show the markets balancing as demand is likely to remain strong due to strong economic drivers, namely continued job and population growth.