Atlanta Emerges as the 5th-Most Active Real Estate Market in the Nation
Monday, February 28th, 2022
According to a recently released Storage Cafe report, the Atlanta metropolitan area ranks fifth in the nation for the most activity in all sectors of real estate combined over the past ten years.
Here are a few highlights on Atlanta:
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Building permits have been issued for roughly 222K single family homes and over 87K multifamily units in the last 10 years.
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Office space swelled by almost 20M square feet and industrial space by almost 99M square feet.
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Self storage added about 12M square feet of new space. In fact, Atlanta is one of the best markets for new self storage supply nationally. “Self storage generally follows growth in demand, which is what draws developers to a location, said Doug Ressler, Business Intelligence Manager at Yardi Matrix. “The new supply pipeline nationally is now at 8.9% of existing stock. Growth has been concentrated in secondary markets across the South, Southwest and West, especially in Las Vegas, Phoenix and Dallas, as well as the “Acela Corridor” in the Northeast.”
You can find the full report together with expert commentary here: https://www.storagecafe.com/blog/the-most-active-real-estate-markets-in-the-last-decade/