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Effective URL: https://atlanta.urbanize.city/post/analysis-atl-ranked-no-2-hottest-rental-market-country
Submission Tags: falconsandbox
Submission: On November 29 via api from US — Scanned from DE
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Skip to main content * * * 1/3 Atlanta Atlanta NEIGHBORHOODS * Midtown * Downtown * Citywide * Buckhead * Old Fourth Ward * Decatur * Reynoldstown * Kirkwood * Summerhill * Edgewood * Grant Park * Home Park * View All→ URBANIZE NETWORK * Atlanta * Austin * Chicago * Dallas * Detroit * Los Angeles * New York * Seattle * Toronto * ProjectsBeta * Advertise * Sign In * * My Account * * Sign Out Search Advertisement Citywide ANALYSIS: ATLANTA RANKED NO. 2 HOTTEST RENTAL MARKET IN THE COUNTRY RENTERS HAVE BEEN "INTENSELY SEARCHING FOR APARTMENTS" IN CITY THROUGHOUT 2023 * * * * November 28, 2023, 8:35AMJosh Green 23 Comments Gallery3 Advertisement If it seems like there’s an endless construction pipeline of new rental properties in your Atlanta neighborhood, this could help explain why. Of the 150 largest U.S. cities by population in the contiguous U.S., the ATL has been ranked as the second “most desired” city among renters in November, according to a new analysis by nationwide apartment search website RentCafe.com. Atlanta’s rental scene has performed well in the monthly study throughout 2023, especially when the city was slotted as the No. 1 hottest rental market in April, marking the beginning of the high season. November’s No. 2 ranking was three spots higher than the previous month’s. “Atlanta has ranked among the top 10 cities ever since [April] as renters have been intensely searching for apartments here all through the year,” a RentCafe.com rep wrote to Urbanize Atlanta. The findings are based on RentCafe.com’s research team’s monthly analysis of millions of interactions on its website pertaining to apartment stock in the country’s largest cities. The heaviest weight is given to each city’s apartment availability rate. That's calculated by dividing the total vacant units for the most recent month by the city’s total units and a year-over-year comparison of the same. The lower that rate, the more points each city earns. According to analysts, a relatively small 1 percent increase in Atlanta’s available apartments in November is reflective of high demand. That’s despite a solid decade of multifamily development growth across the city. RentCafe.com credits Atlanta’s status as “one of the South’s most dynamic tech hubs” with helping set it apart. Sean Pavone/Shutterstock In addition to Atlanta locals looking to switch apartments, the majority of out-of-state searches were tracked to New York City, Chicago, and Orlando, showing “significant growth in the number of favorited listings and saved personalized searches,” per the analysis. For the first time, Minneapolis claimed the No. 1 spot on the renting-demand hotlist this month. Atlanta and Orlando (No. 8) were the only Southern cities to make the top 10. ... Follow us on social media: Twitter / Facebook/and now: Instagram • Atlanta (again) crowned best city in U.S. for working remote (Urbanize Atlanta) * RentCafe * Atlanta apartments * Renting in Atlanta * Atlanta Rentals * Atlanta Development * Atlanta Construction * Renting * Renting Trends * Rents * Apartments Advertisement Advertisement Please enable JavaScript to view the comments powered by Disqus. Advertisement * * * * * URBANIZE NETWORK * Atlanta * Austin * Chicago * Dallas * Detroit * Los Angeles * New York * Seattle * Toronto FOR BUSINESSES * CRE Financing * CRE Consultants * Advertise With Us URBANIZE PODCASTS * Apple * Spotify * Google * Stitcher * iHeart Radio * TuneIn + Alexa CONTACT US * Leave a Tip * Contact Us * Terms of Use * Privacy Policy Copyright © Urbanize Media LLC 2023 Stay informed. All our breaking news, straight to your inbox. Subscribing * LA (Daily) * LA (Weekly) * Atlanta * Austin * Chicago * Dallas * Detroit * NYC * Seattle * Toronto Don't show me this again