ATLANTA--Talk about a turnaround. Atlanta had a long road back from the Great Recession but today developers are betting big on the Southern state.

Just how much development is underway in Atlanta? On the multifamily front, developers will add 9,750 units in 2015, according to Marcus & Millichap. New rentals will focus on high-rent areas in the Downtown, Midtown and Buckhead submarkets, where average rents per unit can top $1,400. Meanwhile, retail developers will bring about 1.6 million square feet of space to the market, mostly of pre-leased single-tenant offerings.

There's a little less action in the office market. Developers will finish 626,000 square feet in 2015, down from the 1.4 million square feet completed last year. Looking at industrial, developers will deliver two million square feet of space, expanding inventory 0.3% by the end of the year. Finally, hospitality developers will add another 800 rooms to metro Atlanta's hotel market by year's end.