Atlanta Multifamily Market Report – January 2025

Market Overview

Atlanta’s multifamily market showed continued signs of correction entering 2025, with rents declining 0.8% year-over-year and occupancy dipping slightly to around 94%. Elevated supply levels remain a key headwind, with more than 27,000 units under construction across the metro. While Class A properties face the most pressure—particularly in lease-up stages—Class B and workforce housing remain relatively resilient due to affordability constraints in the single-family market. Submarkets like West Midtown and Old Fourth Ward are still seeing strong renter interest, while rent concessions are common in high-density urban cores. Long-term demand remains favorable thanks to population growth and job creation.

About Yardi Matrix

Yardi Matrix provides industry-leading commercial real estate data and analytics across the multifamily, office, and industrial sectors. With detailed insights into rent trends, construction pipelines, occupancy rates, and ownership data across 160+ U.S. metros, Yardi’s platform empowers institutional investors, asset managers, and developers with critical market intelligence. Their monthly reports offer real-time visibility into metro-level shifts and submarket-specific performance. In markets like Atlanta, Yardi Matrix helps stakeholders track supply-demand dynamics, investment opportunities, and potential risk—all grounded in proprietary, property-level data.