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During the summer, sellers were, at last, beginning to “meet the market” in terms of transaction prices. With sellers no longer captive to the false pretense that pricing would make a quick U-turn and strengthen by the end of 2023, the pace of investment sales, anecdotally at least,…
According to a preliminary report by CoStar Group that was recently outlined in the Wall Street Journal, apartment investment sales totaled $14 billion in the first quarter of this year. The figure represents a whopping 74% decline from first-quarter 2022.
Like many apartment markets across the U.S., metro Atlanta has seen its performance cool somewhat recently in the midst of inflation and overall economic uncertainty. During the fourth quarter of 2022, same-store effective asking rents for new leases in the area increased by 4.1% year-over-year.