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Atlanta's Turnaround Bigger Than We Thought

ATLANTA—In fact, the word turnaround may be an understatement.

By Jennifer LeClaire | Updated on September 14, 2015

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.

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