Matrix Multifamily Atlanta Report-August 2023 August 23, 2023

Atlanta Stagnates

Rent growth inched up 0.1 percent on a T3 basis through June, to $1,694, and remained negative on a YoY basis, down 1.1 percent. Occupancy dropped 120 basis points in the 12 months ending in June, to 93.3 percent, reflecting the looser rental market.