Market Snapshot Atlanta Q1 2024

Market Overview

Atlanta’s multifamily market saw a strong start to 2025, with over 4,500 units absorbed in Q1—the second-highest first-quarter total in the last decade. Although average occupancy dipped slightly to 90.2%, the market is showing signs of stabilization as demand catches up with the recent wave of new supply. More than 16,000 units remain under construction, down from historical highs, suggesting a more balanced pipeline ahead. While rents declined 0.9% year-over-year, several submarkets, including Eastside and Downtown Atlanta, recorded positive growth, indicating recovery momentum in select pockets. With absorption nearly matching completions, Atlanta appears to be entering a more sustainable growth phase.

About MMG

MMG Real Estate Advisors is a multifamily-focused investment sales and advisory firm with a nationwide footprint. Known for its deep transactional expertise and high-quality market research, MMG provides investors with strategic insights and actionable data. Their quarterly market reports offer comprehensive views of leasing trends, development pipelines, and capital flows across major U.S. metros. In markets like Atlanta, MMG delivers timely intelligence tailored to decision-makers navigating evolving fundamentals, helping them assess risk, uncover opportunities, and fine-tune their investment strategies.