See on Scoop.it – Midtown Atlanta Conversations and Condos
Trying to tabulate the number of intown apartment developments currently planned, under construction or recently opened is a fool’s errand. There’s that many, from the core of Buckhead to…
Thom Abbott‘s insight:
Indeed! For those investors or absentee landlords, this could become an issue with so many choices for renters. The real question is will thes buildings be able to hold their own and hold their rental rates. If they start to drop them, condo owners will be forced to lower rents to compete as well. And remember, a condo owner has a mortgage payment to make and does not have the financial resources a developer may have to make monthly payments.
See on atlanta.curbed.com
