Atlanta Multifamily Report – August 2026
Most metrics are slightly below national averages.
Atlanta multifamily fundamentals remained soft at the start of the third quarter, as asking rents declined year-over-year and occupancy was among the lowest across Yardi Matrix’s top 30 markets. Average advertised asking rents slid 0.4 percent year-over-year, to $1,650, while the U.S. average increased 0.2 percent, to $1,763. The occupancy rate in stabilized properties declined 50 basis points over 12 months, to 92.9 percent as of June.
Employment growth was nearly flat, at a positive 0.1 percent through April, while the U.S. average contracted 0.1 percent. Meanwhile, Atlanta’s unemployment rate stood at 3.2 percent as of May, below Georgia (3.4 percent) and the U.S. (4.3 percent). The metro added 6,400 net jobs in 12 months, with five sectors expanding and five contracting. Education and health services led with the addition of 19,100 positions, followed by professional and business services (1,800). The largest losses were in government (-5,300) and trade, transportation and utilities (-4,100). Recent project milestones include the launch of MARTA’s Rapid A Line and the opening of Georgia Tech’s TechSquare Phase 3.
Deliveries slowed to 2,814 units in 2026 through June, while another 23,011 apartments were underway. Investment activity remained subdued, with $1.5 billion in sales during the first two quarters. The market’s average price per unit stood at $177,774 for the first half of 2026, slightly below the $184,594 U.S. figure.
