Apartments

Ilana Panich-Linsman for KUT

Rents are slowly getting more expensive across the nation, but a new report finds that they’re rising even faster for the lowest-priced properties.


Screengrab via the City of Austin's YouTube

Cleaning up after four-legged friends is a paramount part of dog ownership.

As many can attest, there’s nothing worse than stepping in a canine’s gastrointestinal afterthoughts, not to mention the host of health hazards to other pups that could be transmitted by not picking up after one’s dog.

Being the dog-friendly city it is, many an Austin apartment manager struggles with those who refuse to clean up after their pets. Now, one apartment complex is taking fecal matters to the next level by using DNA testing to sniff out irresponsible owners.

http://www.flickr.com/photos/ashley_brown/4256127642/

Apartment prices are at a record high in the Austin-area, averaging $1.15 per square foot, according to a report by Austin Investor Interests.

More people are moving to Austin and there hasn’t been a lot of new apartments constructed, although that is changing. But many of the new apartments being constructed are centrally located and aren't cheap.

“A lot of these units average a much higher price, $1.39 a square foot, with at least a third of these units being in the 78704 zip code or in the Central Business District, which averages $1.70 up to $2.50 a square foot," said Robin Davis with Austin Investor Interest. "These new units will raise average rents fairly significantly, but rents are also rising on average 5 percent anyway without these units."

courtesy flickr.com/ahockley

Finding an apartment in Austin keeps getting harder, even as more units are being built.

The real estate tracking firm Austin Investor Interests says occupancy rates edged up to 95 percent in the first three months of the year. Rental rates grew more than 2 percent in the first quarter. Robin Davis with Austin Investor Interests says more than 16,000 units are under construction.

AMLI

AMLI Residential, builder of several high profile apartment communities in Austin, has announced it is going to build a mid-rise project in Mueller town center.

AMLI says it plans to build a $30 million, 279-unit apartment complex on Simond Avenue, across from Lake Park and the new Austin Children’s Museum. The community will contain 20 percent efficiencies, 56 percent one-bedroom apartments and 24 percent two-bedroom apartments.

Prices for the apartments will be set during the pre-leasing process, but 15 percent of the units will be included in the Mueller Affordable Homes Program, which is for residents who earn 60 percent or less of Austin’s median family income.

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