Buckhead and Midtown are showing occupancy levels approaching 100%. Rents are rising 2.5% to 3.5% annually, driven by the demand from new residents, the report states. Metro Atlanta added more than 100,000 new jobs in 2000.
The average monthly rent is $755. For two-bedrooms, the rate is about $782 per month. Hundreds of apartment units are being converted to condos.
New construction is at about the same rate as in the past few quarters--about 12,000 new units per year.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
