Haddow’s Real News shared some data on Soaring Apartment Rents in Atlanta, highlighting that rent has jumped 17% in Atlanta apartments year over year!
Asking rents have gone up even higher than that, but in-place rents are growing at a slower pace due to high occupancy rates. The explosive growth in asking rents should subside within the next year. However, now developers and investors are utilizing asking rents to value apartment
assets, which has resulted in record sales prices and growing apartment development pipeline. I would bet everything that rent in Atlanta and the metro area will not decline any time soon and continue to rise, just at a slightly lower rate. Read more
here.
