Yardi Matrix: Fever Pitch—Atlanta Demand Heats Up
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Atlanta’s multifamily market benefits from a diversified economy, a healthy development pipeline and high investor demand. The population is growing, due to an influx of young professionals drawn to the 18-hour lifestyle. Strong rent gains and increased demand for housing have created concerns about affordability, congestion and overdevelopment.
Atlanta’s favorable tax structure and business relocation costs attract jobs in fields such as health care, media, technology, tourism and film. Traffic congestion has become a major issue, although a recent legislation change will provide an increased and steady source of state funding for a range of transportation improvements, including Georgia’s $10 billion roads bill. Infrastructure improvements will play a role in growth going forward…
