Austin movers are scrambling to get people moved into nearly 1,000 new apartments that have been built in Austin. The luxury Austin apartments are called Northshore, The Millennium, and The Lake; they are not cheap and they are going fast.
Just three years ago The Whitley luxury apartments finished construction, and since then the rent has almost doubled in that short time. A 777-square-foot apartment near the top of the building costs just under $3,000 per month to rent.
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But it doesn’t end there, more Austin apartments are planned, including a 532-unit apartment building in Austin’s downtown area. All My Sons Moving & Storage Austin movers and other local moving companies have noticed the influx of new people joining the community and there’s still more to come! There are five more Austin apartment buildings planned, bringing the total to 4,756 new luxury units on their way to Austin in 2017.
Apartment Data Services, Inc. has confirmed that these Austin apartments are aimed at millennials and that most are occupied by young professionals in the millennial age group. The high rent prices and the fact that millennials can afford to live in these apartments could be a reflection of the favorable job market in Austin.