Will Atlanta Drown in Wave of New Apartments?

See on Scoop.itMidtown Atlanta Conversations and Condos

Trying to tabulate the number of intown apartment developments currently planned, under construction or recently opened is a fool’s errand. There’s that many, from the core of Buckhead to…


Thom Abbott‘s insight:

Indeed! For those investors or absentee landlords, this could become an issue with so many choices for renters. The real question is will thes buildings be able to hold their own and hold their rental rates. If they start to drop them, condo owners will be forced to lower rents to compete as well. And remember, a condo owner has a mortgage payment to make and does not have the financial resources a developer may have to make monthly payments.

See on atlanta.curbed.com

77 12th Street
77 12th Street Apartments as they started Construction last year

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

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