- The Atlanta multifamily market was impacted by another year of steady supply growth as new units continued to come online as the rate of demand growth cooled. Supply and demand conditions are likely to be more closely aligned in 2021.
- Vacancy ended 2020 at 5.6 percent, an increase of 90 basis points from one year earlier. During the fourth quarter, the rate rose 30 basis points.
- After ticking lower in the preceding two quarters, rents rose to close the year. Asking rents recorded an annual increase of 0.5 percent in 2020, reaching $1,283 per month.
- The investment market continued to rebound at the end of 2020. Transaction activity accelerated, prices rose, and cap rates compressed.