Atlanta’s on the Rise
Digested from “Atlanta's Peachy Performance”
Axiometrics (1/27/15) Wolff Sorter, Amy
The Atlanta apartment market is making a comeback, showing the greatest occupancy and rent growth in 2014 since the recession. The Atlanta metro area, including Sandy Springs and Marietta, dipped to nearly -10 percent effective rent growth in 2009. Its annual effective rent growth for 2014 was 7.43 percent. Occupancy also was on the rise, from about 90 percent in 2009 to nearly 94 percent in 2014.
The number of available units has jumped in recent years as well, from around 1,560 units in 2012 to nearly 7,200 in 2015. This increased supply has dropped the occupancy rate slightly, but the metro area is still expected to see growth in 2015 as demand continues to outpace supply. Rent growth should level to a more maintainable 3.5 to 4.5 percent, while occupancy rates should continue to hover around 94 percent.