Business
Business

Metro Atlanta apartment rentals rising

By Christopher Quinn
Nov 30, 2011

More people are renting apartments and rent price are rising, according to ALN Apartment Data.

"Two years after the multifamily market reached its bottom in the Southeast it looks like things are finally going in the right direction," said ALN President Wayne Williams.

As of October, occupancy rates are up nearly 1 percent for the year to 90.3 percent and average rent is $796 a month, an increase of 1.1 percent.

--Christopher Quinn

About the Author

Christopher Quinn is a writer and editor who has worked for The Atlanta Journal-Constitution since 1999. He writes stories on Veterans Affairs, business including high-tech growth in metro Atlanta, Georgia's $72 billion farm economy, and he oversees assigning and editing news obituaries.

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