A brief overview:
In the past decade, there has been an increasing desire of young people to live near city centers, a trend that is poised to continue coming out of the pandemic. But even with the rapid development of life in the suburbs, downtown living never lost its shine.
In fact, according to our latest study, the country’s major cities experienced a resurgence of apartment construction in their downtown areas over the last decade.
Downtown Atlanta itself has undergone a tremendous revival over the past decade and leads the country for fast-growing downtown living, by the number of downtown apartments built. It added no less than 21,500 new apartments to its downtown area in the last 10 years, and the new units make up roughly 50% of the total existing stock.
Construction activity doesn’t show any signs of slowing down, as an additional 7,000 units are currently under construction.
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