Writing · Real Estate (general)

2024-08-20
''Every major submarket in Metro Atlanta experienced rental rate declines year-over-year in August, with rents dropping anywhere from 4.8% in Forest Park to a whopping 22% in Decatur, according to Zumper. There was an 8.9% drop in Alpharetta, a 6.3% fall in Atlanta, an 11% drop in Roswell and a nearly 10% drop in Sandy Springs, where GID Development Group is building almost 600 new units for its High Street Atlanta Apartments.  “It’s Economics 101. It’s decelerating rents and concessions are increasing,” Ressler said. “That’s going to make it a very renter-friendly market.” The share of landlords offering concessions has ballooned nationally from a low of 19.4% in July 2022 to 33.6% in April of this year, according to Zillow.'' https://lnkd.in/e3_FZi6E
Real Estate (general)

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