Atlanta Multifamily Expected to See Continued Increases in Rents and Per Unit Sales Pricing
Franklin Street’s Q3-21 report on the Atlanta Multifamily Market explores key indicators of the market’s health, from demographic trends to rent growth to investment sales activity. The report also offers exclusive insight and predictions from Franklin Street’s local experts on what can be expected from the market going forward.
- Atlanta MSA multifamily rents have continued to rise with increases in consumer price index. Asking rents for Class A multifamily properties increased by 5.02% relative to Q2-21. Class B rents increased by 5.26% and Class C rents increased by 4.76% quarter over quarter.
- Sales volume across all multifamily asset classes reached over $2 billion. Class A and Class B properties experienced significant increases in price per unit quarter over quarter.
- Looking forward, Franklin Street predicts that Atlanta multifamily properties will continue to thrive and be a sound investment for investors of all types.