Positive Momentum in Atlanta

Tenant demand and strong property fundamentals drive investor interest, with $1.7 billion in multifamily assets already trading in the first quarter. Rents increased 2.9 percent to $1,108 as of May, and Yardi Matrix forecasts a 3.5 percent increase in 2017.

Atlanta has become an economic powerhouse in recent years. It’s currently one of the fastest-growing metro areas in the nation—a result of its broad-based job growth, 18-hour lifestyle and healthy rental and housing market. A rapidly rising population is adding to the city’s congestion issues, but also fostering demand for apartments and pushing rents higher.

The metro’s favorable business climate continues to entice companies to relocate. Through March, the job market added 103,100 positions, the bulk of which were in professional and business services. The hospitality industry is booming, as the state generated a record-breaking $61.1 billion in commercial sales in 2016. Furthermore, the presence of the Centers for Disease Control and Prevention boosts medical research and has helped to propel health-care employment to record highs. Meanwhile, Atlanta’s growing film industry is making the city competitive with Hollywood…

Positive Momentum in Atlanta


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