Atlanta Multifamily Market Report
Noteworthy In-Migration and Rapid Labor Force Expansion
Bolster Apartment Performance
Robust job gains lift demand on tight multifamily market. Led by a bevy of recent expansions and corporate investment, Atlanta’s labor force is set to continue outpacing the national rate of growth, accentuated by high-paying job creation. A low metro unemployment rate indicates that many employers will recruit from outside Greater Atlanta, further bolstering the metro’s young professional cohort. The notable proportion of jobs created by office-using sectors should ensure robust demand for Class A units, ensuring high rent growth in this property segment. Additionally, net absorption is set to eclipse finalized rentals for the fifth consecutive year, keeping availability low and rent growth near double-digit territory.