Market Report
Atlanta Multifamily Market Report
1Q 2026
Supply Pressure Eases for the Majority
of the Metro While Investors Target Yield-Driven Assets
Core and select suburban submarkets lead vacancy decline. Despite the 7 percent expansion to Atlanta’s inventory over the past three years, renter demand exceeded supply additions in both 2024 and 2025, cutting vacancy to its lowest level since the post-pandemic recovery. Record net absorption was fueled by both net in-migration and local population growth, with the CBD — including Buckhead, downtown, and Midtown Atlanta — posting some of the strongest fundamentals. In 2026, supply pressure will ease. This, combined with continued in-migration, will support a further reduction in metro vacancy. In the core, this will be evident in downtown and Midtown Atlanta, where fewer than 600 units are scheduled to open. Suburbs where renter demand has recently strengthened may also see vacancy compression. Southwest Atlanta, Duluth, and Sandy Springs stand out for their limited construction slates. Conversely, areas like Buford and Buckhead will face elevated deliveries, potentially placing upward pressure on vacancy.
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