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Crane Watch: Apartment construction booming in Austin even as rental rates fall

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Crane Watch: Apartment construction booming in Austin even as rental rates fall

Development of multifamily housing in Austin has been booming, leading to a less competitive market because of the huge increase in supply. Read on to learn more about the people and companies forging ahead amid uncertain demand that saw rental rates drop nearly 6% as of November, the second-highest decline in the nation.