New construction is picking-up in Atlanta – and that’s a good thing. The 7.7 percent increase in inventory since Nov. 2012 is still 34.4 percent below its mark in Nov. 2011, as reported by Atlanta Agent in January’s Inside Edition. Demand is high and is expected to increase. Considering the trend in Atlanta’s status as a coveted moving destination, the city needs more inventory – and fast.
For the fourth year in row, Atlanta ranked as the No. 1 moving destination in the country, according to data collected by the Reading, PA-based Penske Truck Rental, a provider of consumer moving truck rentals. Likewise, St. Louis-based moving company United Van Lines collected data during last summer and found that Atlanta welcomed the second most newcomers.
Don Mikes, Penske’s senior vice president of rental, said the patterns of people on-the-go are becoming more consistent.
“We have seen a continued migration of Penske Truck Rental customers from the Northeast and Midwest parts of the U.S. into these areas,” Mikes said in a blog post announcing the company’s findings.
The following metropolitan areas rounded out the top 10: Tampa, Fla. and Sarasota, Fla.; Dallas and Fort Worth, Texas; Orlando, Fla.; Phoenix; Houston; Seattle; Denver and Las Vegas.
Penske creates its list by analyzing the one-way consumer truck rental reservations it receives, according to the blog post.
Infographics for each city adorn the blog post. Atlanta is famous for its international sports, soft drinks and its supply of Georgia peaches, the graphic says. The graphic shows Atlanta’s median household income to be $46,146, and it displays the average listing price as $448,387.
See the infographic below to get a better idea of why people moved to Atlanta (click on the image for its full size):