Back when the housing market crashed, Atlanta, just like every other major city in the country, was still in the process of enjoying the insatiable "housing boom" with apartments and condominiums being thrown up everywhere. Once reality hit like a freight train, all of a sudden those same apartments and condominiums were left sitting vacant. Sellers were forced to rent and renters were forced to hopefully salvage enough credit to be welcome in these rental communities. Fast forward to 2010 and 67,000 of these rental commodities (facts per the Atlanta Journal Constitution) remained vacant as owners and developers watched their investments sit generating no revenue. Currently, Atlanta has developed into a rental heavy market, which favors those looking to rent greatly. Owners are still barely breaking even by dropping rental amounts and putting added resources to resident retention in hopes of not adding anymore vacants to the pot. As a current Atlanta resident, these facts come as no surprise, because on the one mile strip of major road I live on, there are 8 different apartment communities!
Enjoy and great find Macy!
CLASS Leasing
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