Austin Investor Interests, LLC (AII) is an independent research firm and database publisher that specializes in providing meticulously collected data on multi-family properties and producing non-biased market trends and statistics for real-estate professionals. Our experience goes back to the early 1990's in collecting and disseminating apartment market data, AII has assembled the most comprehensive and accurate databases of multi-family properties in the industry. The majority of our data is collected by qualified in-house professionals who recognize the critical importance of obtaining accurate and reliable property information.

Frequency of Updating

We continually update property data with a strong focus on direct communication with properties to capture accurate, detailed trends—especially during the final month of each calendar quarter. Since 1994, our preferred approach has been to speak directly with on-site representatives to gather firsthand information not available through other sources. However, beginning in 2024, we’ve seen a steady increase in requests from management to source rent and availability data from property websites.

Each update typically includes: rental rates by unit type, the number of units available, any down or un-rentable units, current concessions, the management company, ownership, and on-site contact details. While rental rates may or may not account for all-bills-paid or furnished units (which we consider to have minimal impact on overall trends), we place a higher priority on capturing concessions in order to calculate accurate effective rents.

We make every effort to ensure the reliability of our data. All updates are timestamped and include any relevant comments to provide full transparency. The results of these quarterly surveys are compiled and published on our website. Our current posting schedule is as follows:

Areas and Properties Covered

At this time, AII covers the Central Texas apartment market. The Austin market consists of the Austin Region, which includes the counties of Bastrop, Caldwell, Hays, Travis and Williamson. The San Antonio market consists of Bexar county and the surrounding cities of Boerne, Kerrville, New Braunfels and Seguin. For detailed information on submarket boundaries and maps, please click here.

Unless otherwise noted, statistics in our reports are based on conventional housing properties. However, we maintain a comprehensive database that includes affordable, student, senior, and build-to-rent housing, as well as properties under construction and recent sales transactions. These property types may be included in certain search-derived reports depending on user-defined criteria and selections.

Property Types

To be included in our reporting, properties must contain 50 units or more. Property types are defined as follows:

• Conventional Housing: Properties where at least 50% of units are offered at market rates. These may include units subsidized via Section 8 vouchers or those priced at 80% of Area Median Income (AMI) or higher.

• Affordable Housing (AH): Properties with rent-restricted units or those with rent caps that are intended to be priced below market rates. There are a variety of affordable housing programs and those that base rents on a tenants earnings are considered affordable housing in those with earnings less than 80% AMI. Units at or above 80% AMI are not considered affordable under our definition. Projects with 50% or more affordable units are denoted with "AH" after the project name. 

• Student Housing (SH): Properties where 50% or more of the units are leased by the bedroom. These are marked with "SH" after the project name.

• Senior Housing: Intended for active seniors, these communities have age restrictions on more than 50% of units. Properties with assisted living, in-house medical staff, or cafeterias are excluded. Projects are labeled “Senior” when applicable.

Definitions

Absorption : Change in occupied or available units from one period to the next.
Approved : Building permit issued from the local permitting agency.

Building Area : This figure is the per property sum of the total number of units in a floorplan multiplied by the square footage of that floorplan. It does not exclude non-rentable units, nor does it include any common areas such as office, laundry room or amenity areas. This figure is only used to calculate the sales price per unit or per square footage.
Class : An ambiguous term used in the real-estate industry to help define the characteristics of a particular property. AII uses the following criteria to determine class, however some properties have been reclassified due to rehabs, upgrades or special circumstances:
Class A : Less than or equal to 8 years old w/full amenity package.
Class B : 9-23 years of age.
Class C : Greater than 23 or more years of age.
Concessions : Move-in incentives that are offered to prospective tenants that result in a reduction of the current market rent.
Construction : Under construction/broken ground.
Effective Rent : The market rent less the value of current concessions.
Market Rent : The current asking or published price for a vacant apartment unit based upon as close to a 12 month lease as possible (unless otherwise stated -if known). The premium section can provide some notes of ranges in the pricing for items such as upgrades, view, floor or other pricing premiums.
Net Unit Change : The change in total units from one period to the next. This number includes the addition or subtraction of units due to construction, destruction, renovation, rehabilitation, maintenance or status change from one property type to another.
New Units Added : Units added to the market from new construction.
Pre-leased : Vacant units that have pending rental agreements in place.
Proposed : Project in planning stages or in discussion but has not filed an official permit.
Rehab : Existing property taken off-line to renovate or update units.
Rentable Units : The total units, less any unrentable units (ie – employee units, maintenance units, unfinished units or units taken off-line for renovation or damage).
Submitted : Site development plan has been submitted to local permitting agency for review.
Total Units : The total number of apartment units in a particular project without regard to rentability.

Key to Amenity and Unit Type Notations

Access and Copyright Information

As most of our services are offered through the internet, there will be occasional periods when the system is not accessible and AII is not responsible for any damages due to the interruption of the service. All data/information provided by AII is copyrighted and is provided to subscribers for their own use and in no case should be used in any manner that would be deemed competitive to AII. No portion may be reproduced in any manner without written consent of AII.

Any and all resale, redistribution or other forms of dissemination is strictly forbidden.