Atlanta suburban renters grew three times faster than urban renters



From 2011 to 2015, Atlanta suburban area renters strongly outpaced urban area renters, according to a report from Rent Café. The suburban net gain over those five years was 52,300, a 25 percent increase, while the urban net gain was only 15,100, which was a 10 percent increase. Additionally, the metro area of Atlanta had 61 percent of total renters located in the suburbs and 39 percent in urban areas.

According to the website, more renters are choosing the suburbs because the schools are better, the communities are quieter and the rent is significantly cheaper. In Atlanta, the average rent in urban areas was $1,277 while the average rent in suburban areas was only $1,006.

Another major factor to the increase in suburban renters is that many suburban developers have been building higher end garden-style apartment communities in the suburbs similar to what you would get in major cities.

But construction in the suburbs has not kept up with the construction happening in the city. A total of 300,000 new apartments were built in the 20 cities looked at by Rent Café, compared to 180,000 in the suburbs.

From 2011 to 2015, city apartment construction was up 224 percent, while suburban construction was up 146 percent. However, some experts believe that changing demographics may lead to suburban apartment markets to become the next major trend in multifamily construction.

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