Figures
Atlanta Multifamily Figures Q4 2023
March 8, 2024 3 Minute Read
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Key Takeaways
-Following 2022's negative absorption, the Atlanta multifamily market witnessed four consecutive quarters of positive demand in 2023 resulting in almost 9,700 units absorbed.
-Annual deliveries in the market were above 200,000 units for the first time ever in Atlanta's history.
-Given the oversupply of multifamily product added this year, the overall occupancy rate, as well as the average rent per unit dropped in Atlanta in 2023.