Atlanta Apartment Vacancy Rises Amid Strict Credit Screening Despite Massive Construction Boom
The Atlanta metropolitan area is experiencing high apartment vacancy rates, currently sitting at 10.9%, which exceeds the national average of 7.9%. Despite a massive construction boom that delivered approximately 90,000 units over the last five years, more than 15,000 newly completed apartments remain empty. This supply-demand mismatch is driven not by a lack of housing, but by rigid credit scoring models that disqualify many qualified renters who possess the income to pay. To address this gap, Cosign is partnering with property managers like RAM Partners to act as a professional cosigner for applicants who fall outside traditional credit requirements. By utilizing data-driven approval processes rather than single-score metrics, the company aims to increase occupancy rates for landlords while providing housing access to essential workers and recent graduates.
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Topics: apartment vacancy rates credit scoring in housing property management technology rental market trends
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Part of the story Lakeland Apartment Vacancy Remains High Despite 40% Increase in Housing Supply (3 articles)