Rental demand growing in Atlanta

The Novare group plans to build a 23 story building in Midtown.  It could include more than 300 apartments.  As the Atlanta Business Chronicle reports, it’s the latest sign there’s a growing demand in the rental market.

The proposed Novare building would go up at 6th and Juniper.  A few blocks away at 12th and Crescent, developers are building a tower with 330 apartments. 

Even homebuilder Beazer announced its getting into the rental market.  Alan Wexler is CEO at Databank, an Atlanta based real estate research firm.