ATLANTA-Atlanta’s multifamily market is showing signs of recovery. So says Marcus & Millichap’s third quarter ApartmentResearch Market Update.

Although the market may look worse before it looks better, renewed job creation and new household formations will continue to stabilize the Atlanta apartment market and set the stage for steady improvement in fundamentals in 2011, Marcus & Millichap reports.

“Concessions seem to be slowly burning off,” Andrew Mays, vice president of Investments and director of the National Multi Housing Group at Marcus & Millichap, tells GlobeSt.com. “I’d say it will be another 18 months before the majority of the concessions are gone. We expect a slow improvement.”