Based on the area’s continued strong job growth, investors that are not even directly from Georgia or nearby states, but have continually to understand development and real estate still seek opportunities among metropolitan apartment complexes. But, there is also an even bigger trouble that apartments have to face in the future. Single-family homes are sprouting like mushrooms and they are also being put up for rent which can become a dilemma to apartment owners.

Marcus & Millichap Real Estate Investment Services have reported the one above and the following as well. Employers, for the past 5 consecutive years will still continue to add new positions to each of their firms for the year 2008. A forecast for 22,200 new positions this year is expected and is also according to Atlanta Apartment Research Report. Local rental units are now the main demands of prospects from investors. Properties are selling for a median price of $64,800 per unit over the past year, up 17%.

John Leonard, a regional manager  of Marcus & Millichap’sin Atlanta said that “investment activity will continue to moderate this year, slowed by conservative lending practices,” and “out-of-state buyers, especially from California, will remain present, targeting the metro for its higher initial yields and prospects for steady long-term growth.”

This year, an approximate 3,400 new apartment units are expected to open in Metro Atlanta.  An expected 8.6% of vacancy rate should happen but rates for asking rents are expected to be go up in a monthly basis 2.4% to $864 per month. On the other hand, effective rents will advance 2% to $773 per month.