Multifamily Market Overview | Atlanta, Georgia

Market Overview

Atlanta's multifamily sector continued to show positive momentum in Q1 2025. Net absorption climbed to 18,456 units over the trailing 12 months, while vacancy remained stable at 11.9%. Asking rents rose to an average of $1,643 per unit, and average sale prices reached $209,247—both indicators of strong market performance. With nearly 19,350 units under construction and total inventory surpassing 591,000 units, the market remains active, yet balanced. Institutional buyers, including Equity Residential and Greystar, were among the top purchasers in recent transactions, reflecting continued confidence in the region’s long-term fundamentals.

About Lee & Associates

Lee & Associates is a national commercial real estate firm offering a broad range of services, including brokerage, valuation, and research across office, industrial, retail, and multifamily sectors. Known for combining local market intelligence with national scale, Lee & Associates produces quarterly reports that highlight key trends in leasing, development, and investment activity. Their multifamily research is tailored for investors, developers, and property managers seeking real-time insights on rent growth, occupancy trends, and capital market dynamics—particularly in high-growth metros like Atlanta.