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Continuing Robust Demand Holds Down Vacancy and Boosts Rent Growth
A healthy economy boosts multifamily fundamentals. Atlanta's job growth pace is surpassing the national rate of increase, helped in part by corporate in-migration and the expansion of firms with national and international footprints. Much of this employment growth consists of additions in the high-paying job categories, boosting demand for Class A apartments. Upcoming employment hubs include technology campuses recently announced by Walmart and Nike, helping the metro remain a key destination for the Southeast's best-educated young adults. Renter absorption of apartment units is set to eclipse product deliveries for a fifth consecutive year in 2022, keeping availability low and facilitating substantial rent growth.