for rent signWith dozens of apartment projects nearing completion, underway or just announced, it’s no surprise that the metro Atlanta apartment market is now the hottest in America, according to the April 2014 Market Trends Report from Axiometrics Inc.
The Atlanta Business Chronicle broke down the intel and found that Atlanta has the highest growth among major population centers.  The market’s rate of effective rent growth more than doubled in the past year, from 3.3 percent in April 2013 to 6.9 percent in April 2014, while rental revenue growth has grown from 4.5 percent to 8.1 percent in the same period. Year-to-date effective rent growth was 3 percent as of April 30, up from 1.7 percent at the same point last year.
Be sure to check out our roundup of apartment projects feature in the June issue of INtown. 

One reply on “Atlanta apartment market hottest in U.S.”

  1. Let’s just hope that due to the hot rental market, Atlanta does not overbuild. If there is a flood of apartments on the market, it could drive down rental rates and increase the amount of vacancies. That would have an overall effect on multi-family and single family rental home prices.

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