Fewer Deliveries Help Reduce Pressure
Atlanta multifamily fundamentals remained soft at the start of the third quarter, as asking rents declined year-over-year and occupancy was among the lowest across Yardi Matrix’s top 30 markets, according to the latest Atlanta multifamily market report. Average advertised asking rents slid 0.4% year-over-year, to $1,650, while the U.S. average increased 0.2%, to $1,763, as reported in the U.S. multifamily outlook. The occupancy rate in stabilized properties declined 50 basis points over 12 months, to 92.9% as of June.
Employment growth was nearly flat, at a positive 0.1% through April, while the U.S. average contracted 0.1%. Meanwhile, Atlanta’s unemployment rate stood at 3.2% as of May, below Georgia (3.4%) and the U.S. (4.3%). The metro added 6,400 net jobs in 12 months, with five sectors expanding and five contracting. Education and health services led with the addition of 19,100 positions, followed by professional and business services (1,800). The largest losses were in government (-5,300) and trade, transportation and utilities (-4,100). Recent project milestones include the launch of MARTA’s Rapid A Line and the opening of Georgia Tech’s Tech Square Phase 3.
Deliveries slowed to 2,814 units in 2026 through June, while another 23,011 apartments were underway. Investment activity remained subdued, with $1.5 billion in sales during the first two quarters. The market’s average price per unit stood at $177,774 for the first half of 2026, slightly below the $184,594 U.S. figure.
Read the full Yardi Matrix Atlanta Multifamily Market Report: August 2026
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