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Austin construction boom keeps going onward and upward.jpg
A downtown Austin construction boom on IH-35 keeps growing onward and upward. The rental occupancy rate downtown remains at a strong 99 percent. And while Austin used to be known for its inexpensive housing, the citywide average monthly apartment rental rate of $1.10 a square foot is the highest in the state, and downtown apartment rents are more than twice the city average.

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