Atlanta rental real estate market continues with big gains in both occupancy and rents, supported with a limited single family home supply. I-75 leads to northwestern suburbs (Marietta, Kennesaw, Smyrna, West Cobb, Acworth, Cherokee County) Renter-occupied averaged 72k in early 2000 and current average is 86k.
I-85 leads to northeastern suburbs and this area has seen the most growth in demand for rental housing. (Lawrenceville, Suwanee, Duluth, Lilburn, Norcross, Tucker) Renter-occupied averaged 55k in early 2000 and current average is 80k)
GA-400 leads to northern suburbs (Sandy Springs, East Cobb, Dunwoody, Roswell, Alpharetta, Milton, and Johns Creek) the average rental rate has increased $200 since November 2014.
Scott Herring, Vice President, YieldStar Research Services, and Cameron McIntosh, Research Analyst, YieldStar Research Services, offered a thought-provoking retrospective of the single-family housing crash that began in 2007 and how it gave fuel to the creation of rent-intensive housing.
“How big can Atlanta be?” Officials prepare for population of 1.3 million.
The city of Atlanta is attractive as an investment opportunity because of economic growth and affordability. Atlanta’s cost of living 0.9% is below national average. Locating an investment market that combines diverse demographics, population growth, lower cost of living and a strong job market is one of the reasons Atlanta investment opportunities are unparalleled
Atlanta Intown reports , Dr. Arthur C. Nelson, a professor of Planning & Real Estate Development at University of Arizona (and formerly at Georgia Tech), then led a discussion explaining the data behind the “big number.” The Metro Atlanta region is expected to grow to 9 million people by 2050, of which 15 percent or 1.3 million would choose to be city of Atlanta residents.