Music fans have long enjoyed legendary music venues and performances in Nashville and Austin, and the recent apartment market conditions in these cities have been as vibrant as their music scenes. Since the Great Recession, robust employment growth in both markets has outpaced many other metropolitan areas across the South and the nation. Multifamily conditions in these markets also have benefited from strong housing demand, although a large increase in construction has raised the possibility of oversupply and weakening multifamily market fundamentals. 

How will these key market drivers in each city along with new supply affect the near-term forecast for apartment rents and vacancies? Read the report for more.