Matrix Multifamily Atlanta Report-August 2024 August 21, 2024

Atlanta’s Slow Pace

Atlanta’s YoY rent growth remained among the weakest in the U.S., with the average advertised asking rent down 3.6 percent in June while the national rate was up 0.6 percent. Occupancy also declined, down 80 bps YoY through May to 92.4 percent, well below national levels.