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Georgia

Atlanta Metro

Category:

Multifamily Investments

Financial Facts

Atlanta is the cultural and economic center of the Atlanta metropolitan area and the ninth largest metropolitan area in the United States. Economic drivers such as the trend of corporate relocations and vast transportation and manufacturing infrastructure position Atlanta among the top major U.S. metros for rent growth in recent quarters. The Atlanta Metro is home to 15 Fortune 500 companies, most of which are located inside the Perimeter near Downtown, Midtown and Buckhead. Unemployment has fallen from double digits experienced throughout most of 2009, 2010 and 2011, to 4.9% as of October 2016. With low unemployment and renters with more spending power, the demand for housing near in-town amenities will continue to sustain pressure on market rents in the short-term. The two industries driving job growth are Trade, Transportation, and Utilities followed by Leisure and Hospitality and Professional and Business Services. Combined, these industries added 46,600 jobs year over year as of June. Construction added fewer jobs than the top three, but its rate of growth at 6.7% surpasses all other industries.