A familiar pattern in Atlanta is to build until we bust.
The poster child for this excess in the previous cycle was the condominium market. Today, the intown apartment sector is at the greatest risk of becoming overbuilt. Market fundamentals are strong, but explosive growth in supply is cause for concern.
Haddow & Company tracks the performance of class A apartments built in the urban core since 2000 and monitors the pipeline of projects under construction and proposed. During third quarter 2015,…