development authority of fulton county

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development authority of fulton county

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Real Estate Market Activity

The table and chart below show real estate market activity and market stats for Fulton County over the last several years.

Atlanta Market Stats

  1Q11 1Q12 Y-O-Y Change 12 Month Forecast
Overall Vacancy 17.5% 16.7% -0.8pp Down
Direct Asking Rents (psf/yr) $27.51 $27.93 -1.5% Up
YTD Leasing Activity (msf) 45.824 42.771 -6.7% Left Right

Direct Rental vs. Vacancy Rates

  1Q08 1Q09 1Q10 1Q11 1Q12
Direct Gross Rental Rate $29/12% $30/14% $28/11% $27/10% $28/11%
Direct Vacancy Rate $29/12% $30/14% $31/16% $31/16% $30/15%

Leasing Activity

  1Q08 1Q09 1Q10 1Q11 1Q12
Class A 27.9 msf 18.0 msf 23.8 msf 27.6 msf 23.2 msf
Class B & C 23.4 msf 15.2 msf 18.5 msf 18.2 msf 19.6 msf

Housing Comparison
September 2011

Housing Value Atlanta United States
Median Home Age 39.3 35.1
Median Home Cost 3,200 5,100
Home Appreciation -6.63% -3.15%
Homes Owned 42.14% 59.90%
Housing Vacant 13.75% 10.37%
Homes Rented 44.11% 29.73%
Property Tax Rate .23 .20

Metro Atlanta Housing Costs

Average New Home Price
(2400 sq. ft. 4BR 2BA)
$224,734
Average Monthly Apartment Rent
(950 sq. ft. 2BR 2 BA)
$882

Metro Atlanta Total Housing Units 2002-2011

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Total Housing Units Authorized by Building Permits 66,551 66,377 74,007 72,861 68,266 44,770 19,294 6,533 7,575 8,634
Single Family Homes 50,151 55,-33 57,316 61,558 53,927 31,089 11,989 5,421 6,384 6,214
Multi-Family and Apartments 16,400 11,344 16,691 11,303 14,339 13,681 7,305 1,112 1,191 2,503