Robust job creation will sustain a strong rental market in Atlanta this year, according to a market analysis created by our Research Services team. During the 12-month period ending in the first quarter, Atlanta’s prominence as a transportation hub was supported by the addition of more than 18,000 trade, transportation and utilities jobs. Additionally, the construction sector in Atlanta saw expansion by more than 8 percent over the past year. Some of those positions were created to support the development of the new SunTrust Park Stadium and Mercedes’ new U.S. headquarters.
The addition of these jobs drove up rental demand for housing, and looks promising for real estate investors looking to add Atlanta to their portfolios. Also, single-family real estate investors need not worry about competition from multifamily development, as it is limited to a few select submarkets, insulating single-family rental owners.
Due to healthy job growth and an increase in single- and multifamily development, apartment construction is expected to expand inventory 2 percent this year, applying pressure on existing rentals. Much of the new development is in the Midtown, West Atlanta and Buckhead submarkets, limiting competition in the suburban neighborhoods popular with single-family investors.
Forecast for Atlanta Market
From employment trends to projected home prices, find out what is in store for Atlanta’s market by downloading the report. This market report evaluates multiple sectors of the economy that affect risk-and-reward for single-family real estate investors.