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Atlanta's Apartment Prices Reaching Prior Peaks

ATLANTA-Recent multifamily sales in and around Atlanta confirm that the recovery is on solid ground. In fact, one local multifamily broker contends that sales prices are at or exceeding the peak levels reached in the mid to late 2000s.

By John Jordan | Updated on August 07, 2013

ATLANTA-Recent multifamily sales in and around Atlanta confirm that the recovery is on solid ground. In fact, one local multifamily broker contends that sales prices are at or exceeding the peak levels reached in the mid to late 2000s.

Chris Span, an executive director with Cushman & Wakefield‘s multifamily practice, says that what is driving the lofty prices for multifamily product in markets such as the Central Perimeter is that rents, which were down by 25% at the height of the downturn, have climbed all the way back, according to the Atlanta Business Chronicle.

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