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Atlanta Condos For Sale

Will Atlanta Drown in Wave of New Apartments?

January 9, 2013 by Thom Abbott

See on Scoop.it – Midtown 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

Filed Under: Blog, Interesting Stories, Midtown Atlanta News and Events Tagged With: midtown atlanta real estate, So You Know

Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

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