{"id":4643,"date":"2022-09-07T14:35:03","date_gmt":"2022-09-07T14:35:03","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=4643"},"modified":"2023-09-13T05:21:41","modified_gmt":"2023-09-13T05:21:41","slug":"atlanta-multifamily-market-report-august-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-august-2022\/","title":{"rendered":"Atlanta Multifamily Market Report &#8211; August 2022"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Strong Economy Boosts Multifamily Market<\/h2>\n\n\n\n<p>Atlanta\u2019s diverse economy not only helped it recover all jobs lost during the pandemic but has also <a href=\"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-may-2022\/\"><strong>put the market back into expansion mode<\/strong><\/a>, and the multifamily sector is reaping the benefits. Despite last year\u2019s record deliveries,<strong> rents rose 14.7% year-over-year through June<\/strong>, to $1,727, outperforming the U.S. rate, which rose 13.7% to $1,706. However, the new inventory put a dent in the occupancy rate in stabilized assets, which declined 70 basis points in the 12 months ending in May, to 95.0%.<\/p>\n\n\n\n<p><strong>Unemployment stood at 2.6% in May<\/strong>, according to data from the Bureau of Labor Statistics, outperforming the state (2.9%) and the U.S. (3.6%). Atlanta added 170,300 jobs in the 12 months ending in May, a 6.2% improvement, leading the U.S. by 150 basis points. Its largest sectors\u2014professional and business services and trade, transportation and utilities\u2014accounted for half of the new positions. Despite the macroeconomic woes, the metro\u2019s prospects are bright at a local level, supported by corporate expansions and rising passenger volume.<\/p>\n\n\n\n<p><strong>Deliveries softened, with just 2,349 units coming online this ye<\/strong>ar. The construction pipeline had another 29,732 units under construction. Meanwhile, sales volume reached nearly $5.5 billion, surpassing the volume registered during the same period last year. The price per unit increased 32.6% year-over-year, to $208,506 in June, closing the gap on the $217,310 U.S. figure.<\/p>\n\n\n\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/2658-MatrixMultifamilyAtlantaReport-August2022\">Matrix Multifamily Atlanta Report-August 2022<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strong Economy Boosts Multifamily Market Atlanta\u2019s diverse economy not only helped it recover all jobs lost during the pandemic but has also put the market back into expansion mode, and the multifamily sector is reaping the benefits. Despite last year\u2019s record deliveries, rents rose 14.7% year-over-year through June, to $1,727, outperforming the U.S. rate, which [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":4644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[446,444],"class_list":["post-4643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-atlanta","tag-multifamily-outlook-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlanta Multifamily Market Report - August 2022 - Yardi Matrix Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-august-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlanta Multifamily Market Report - August 2022\" \/>\n<meta property=\"og:description\" content=\"Strong Economy Boosts Multifamily Market Atlanta\u2019s diverse economy not only helped it recover all jobs lost during the pandemic but has also put the market back into expansion mode, and the multifamily sector is reaping the benefits. Despite last year\u2019s record deliveries, rents rose 14.7% year-over-year through June, to $1,727, outperforming the U.S. rate, which [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-august-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-07T14:35:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T05:21:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/09\/Atlanta-iStock-1397610228.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Atlanta Multifamily Market Report - August 2022 - Yardi Matrix Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-august-2022\/","og_locale":"en_US","og_type":"article","og_title":"Atlanta Multifamily Market Report - August 2022","og_description":"Strong Economy Boosts Multifamily Market Atlanta\u2019s diverse economy not only helped it recover all jobs lost during the pandemic but has also put the market back into expansion mode, and the multifamily sector is reaping the benefits. Despite last year\u2019s record deliveries, rents rose 14.7% year-over-year through June, to $1,727, outperforming the U.S. rate, which [&hellip;]","og_url":"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-august-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-09-07T14:35:03+00:00","article_modified_time":"2023-09-13T05:21:41+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/09\/Atlanta-iStock-1397610228.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-august-2022\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-august-2022\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Atlanta Multifamily Market Report &#8211; 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