Buford, GA has the newest apartments after Atlanta, followed by Douglasville . Multifamily fundamentals are solid, with strong rent growth and low vacancy rates expected to continue in the coming year. Investor interest in the sector is high, as evidenced by the record-breaking amount of capital that flowed into multifamily investments in 2022. And with tremendous liquidity and a growing range of debt options available, multifamily pricing will be as strong as ever in 2023.

According to industry forecasts, this year will see the construction of 420,000 new apartments nationwide. Multifamily apartment construction in the last two years is at its highest point in 50 years: with 400,000+ units completed in 1972.

What's driving this construction boom? Strong demand from renters and low-interest rates motivates developers to build. The rental vacancy rate is at a 20-year low, and rents have been rising steadily for the past few years.

Neighborhood Atlanta

Average Rent

Buckhead Heights

$2,477

Lenox

$2,477

Atlantic Station

$2,395

Ansley Park

$2,394

Ardmore

$2,394

Brookwood Hills

$2,394

Collier Hills North

$2,394

Colonial

$2,394

Piedmont Park

$2,394

Sherwood Forest

$2,394

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