CURBED ATLANTA (May 14, 2018) – When it comes to free rents, the ATL tops hot Texas markets and booming New York, per a national report
It wasn’t all that long ago that a month of free rent—and especially two months free rent—was extremely rare, if not unheard of, with Atlanta’s new crop of top-shelf apartment communities.
Now, per a recent national market analysis, rent concessions are not only the new normal in Atlanta, they’re more normal here than any other major city.
It’s no surprise that Atlanta ranks among the 15 cities to have received nearly half of all new apartment supply delivered across the U.S. in this long development cycle, which dates back to 2010.
But among those markets, metro Atlanta leads the pack in terms of average rent discounts of 9.1 percent as of March, which translates to more than one month’s free rent, according to RealPage, a provider of property management software solutions.
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