Atlanta Metro Apartment Vacancy Remains High Despite Building Boom
1 report, 1 independent
Updated Mon 00:00
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What happened
Apartment vacancy across the Atlanta metro area is currently 10.9%, which is above the national average of 7.9%. Over the past five years, about 90,000 apartments were delivered in the metro, but more than 15,000 of those newly completed units remain vacant.
From prnewswire.com
Why it matters
The high vacancy rate is attributed to screening rules built around a single credit score, which prevents renters who can afford the rent from qualifying for leases. This situation affects renters across the metro area, including recent graduates and newcomers.
From prnewswire.com
Who's involved
- AtlantaThe location where high apartment vacancy and housing access issues are occurring