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Report: Atlanta rent increases outpaced most of the country last year

CURBED ATLANTA (JANUARY 22, 2019) – With the ubiquity of luxury units and strong jobs growth, it’s no surprise monthly prices keep climbing.

RealPage has found that rent prices in Atlanta have climbed 4.8 percent over the past 12 months, trumped only by Las Vegas (7.4 percent increases), and Orlando (5 percent). Jacksonville also logged a 4.8 percent spike.

To lend some perspective, the nationwide average rent increase in 2018 was clocked at 3.3 percent, and Atlanta watched rents rise by just 3 percent over the course of 2017, per RealPage’s findings.

However, these recent increases are small compared to the 7 percent upticks the city witnessed in 2014 and 2015.

“Several areas of the market, including Buckhead, Midtown, and downtown, fell into negative rent change territory in early 2018 but have since rebounded,” according to the report. “Each closed the year with rent growth above 2 percent.”

Read more at: CURBED ATLANTA.

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