{"id":7452,"date":"2024-02-05T05:30:00","date_gmt":"2024-02-05T05:30:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=7452"},"modified":"2024-06-12T06:06:10","modified_gmt":"2024-06-12T06:06:10","slug":"january-2024-atlanta-multifamily-market-report","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/","title":{"rendered":"Atlanta Multifamily Market Report \u2013 January 2024"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/atlanta-multifamily-market-report\/\">Atlanta Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Robust Deliveries Cloud Prospects<\/h2>\n<p>Atlanta\u2019s relatively affordable cost of living and diversified economy boosted in-migration over the past decade, contributing to strong rental demand. Yet the nationwide slowdown, economic woes and robust deliveries have cooled transactions and dented gains. Rent development was down 0.5% on a trailing three-month basis as of November, to $1,657. Occupancy in stabilized assets also slid, <strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/atlanta-multifamily-market-report-january-2023\/\">down 130 basis points in 12 months<\/a><\/strong>, to 92.8%, as of October 2023.<\/p>\n<p><iframe id=\"datawrapper-chart-B3GNa\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Atlanta vs. National Rent Growth (Trailing 3 Months)\" src=\"https:\/\/datawrapper.dwcdn.net\/B3GNa\/1\/\" height=\"376\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>In the 12 months ending in September, Atlanta\u2019s job market expanded 2.3%, or 66,800 net jobs, trailing the U.S. rate by 10 basis points. Meanwhile, unemployment stood at 3.4% in October, on par with the state and 50 basis points ahead of the national average. Although still healthy, job growth and unemployment figures began to show signs of vulnerability. While education and health services (22,900 jobs) and leisure and hospitality (18,700 jobs) led gains, three other sectors lost 11,500 positions combined.<\/p>\n<p><iframe id=\"datawrapper-chart-BOLOx\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Atlanta Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/BOLOx\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[\"datawrapper-height\"][t]+\"px\";e[r].style.height=i}}}))}();\n<\/script><\/p>\n<p>Developers brought 14,544 units online in 2023 through November, setting the stage for a new decade-high. In addition, the area had 37,867 units underway, placing Atlanta\u2019s pipeline among the country\u2019s top 10 busiest. Meanwhile, investors traded just $2.7 billion in multifamily assets in 2023 through November, the lowest volume in at least a decade. By comparison, the metro recorded $28.2 billion in deals during the previous two years combined.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/5054-MatrixMultifamilyAtlantaReport-January2024\"><strong>Matrix Multifamily Atlanta Report-January 2024<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Robust Deliveries Cloud Prospects Atlanta\u2019s relatively affordable cost of living and diversified economy boosted in-migration over the past decade, contributing to strong rental demand. Yet the nationwide slowdown, economic woes and robust deliveries have cooled transactions and dented gains. Rent development was down 0.5% on a trailing three-month basis as of November, to $1,657. Occupancy [&hellip;]<\/p>\n","protected":false},"author":753,"featured_media":6762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[446,511],"class_list":["post-7452","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-2024"],"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 \u2013 January 2024 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Developers added 14,544 units in 2023 through November to Atlanta\u2019s stock, on track for a new record, Yardi Matrix data shows.\" \/>\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\/january-2024-atlanta-multifamily-market-report\/\" \/>\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 \u2013 January 2024\" \/>\n<meta property=\"og:description\" content=\"Developers added 14,544 units in 2023 through November to Atlanta\u2019s stock, on track for a new record, Yardi Matrix data shows.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-05T05:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T06:06:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/02\/Atlanta-iStock-1784661277.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=\"Razvan Cimpean\" \/>\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 \u2013 January 2024 - Yardi Matrix Blog","description":"Developers added 14,544 units in 2023 through November to Atlanta\u2019s stock, on track for a new record, Yardi Matrix data shows.","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\/january-2024-atlanta-multifamily-market-report\/","og_locale":"en_US","og_type":"article","og_title":"Atlanta Multifamily Market Report \u2013 January 2024","og_description":"Developers added 14,544 units in 2023 through November to Atlanta\u2019s stock, on track for a new record, Yardi Matrix data shows.","og_url":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2024-02-05T05:30:00+00:00","article_modified_time":"2024-06-12T06:06:10+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/02\/Atlanta-iStock-1784661277.jpg","type":"image\/jpeg"}],"author":"Razvan Cimpean","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\/january-2024-atlanta-multifamily-market-report\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/"},"author":{"name":"Razvan Cimpean","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6"},"headline":"Atlanta Multifamily Market Report \u2013 January 2024","datePublished":"2024-02-05T05:30:00+00:00","dateModified":"2024-06-12T06:06:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/"},"wordCount":218,"commentCount":0,"publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/02\/Atlanta-iStock-1784661277.jpg","keywords":["Atlanta","Multifamily Outlook 2024"],"articleSection":["Metro Reports","Multifamily Market","Real Estate Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/","url":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/","name":"Atlanta Multifamily Market Report \u2013 January 2024 - Yardi Matrix Blog","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/#primaryimage"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/02\/Atlanta-iStock-1784661277.jpg","datePublished":"2024-02-05T05:30:00+00:00","dateModified":"2024-06-12T06:06:10+00:00","description":"Developers added 14,544 units in 2023 through November to Atlanta\u2019s stock, on track for a new record, Yardi Matrix data shows.","breadcrumb":{"@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/#primaryimage","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/02\/Atlanta-iStock-1784661277.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/02\/Atlanta-iStock-1784661277.jpg","width":1200,"height":628,"caption":"Photo by benedek\/iStockphoto.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardimatrix.com\/blog\/january-2024-atlanta-multifamily-market-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardimatrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Atlanta Multifamily Market Report \u2013 January 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.yardimatrix.com\/blog\/#website","url":"https:\/\/www.yardimatrix.com\/blog\/","name":"Yardi Matrix Blog","description":"Stay current with the latest commercial real estate market trends and forecasts","publisher":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardimatrix.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.yardimatrix.com\/blog\/#organization","name":"Yardi Matrix","url":"https:\/\/www.yardimatrix.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","contentUrl":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2020\/11\/Inline_Matrix_Color_es-1.jpg","width":200,"height":39,"caption":"Yardi Matrix"},"image":{"@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/yardi-matrix\/","https:\/\/www.youtube.com\/channel\/UCRHgAZL4YoyeNEdiRN5uj0g"]},{"@type":"Person","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/694c0c0a53e89aa8de1e53ff8201b3b6","name":"Razvan Cimpean","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a2a826ff843b4f800ff5528644dc28dc336a20ec16082b6108ff5a5def333e6d?s=96&d=mm&r=g","caption":"Razvan Cimpean"},"url":""}]}},"jetpack_featured_media_url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/02\/Atlanta-iStock-1784661277.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/7452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/users\/753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/comments?post=7452"}],"version-history":[{"count":1,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/7452\/revisions"}],"predecessor-version":[{"id":7456,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/posts\/7452\/revisions\/7456"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media\/6762"}],"wp:attachment":[{"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/media?parent=7452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/categories?post=7452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardimatrix.com\/blog\/wp-json\/wp\/v2\/tags?post=7452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}