Demand is consistently outpacing new supply, well above historical norms and broadly distributed across major submarkets, signaling consistently strong renter household formation.
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The supply wave is clearly receding as 2025 deliveries are expected to fall 10,000 units below last year’s record and the construction pipeline has shrunk to its lowest level in more than a decade, easing competitive pressure from lease-ups.
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Pricing and occupancy are stabilizing together. Rents are essentially flat year-over-year but firming in several areas, while the market’s average occupancy rate has held steady for the past two years.
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MARKET OUTLOOK
Atlanta enters the next few quarters with improving balance...
