When it comes to investor appetite, Atlanta has gone from being the red-headed stepchild to one of the belles of the ball, especially when it comes to multifamily. That trend may not be ending anytime soon.

Peter Muoio, chief economist at the online property auction site Ten-X, said cities like Atlanta are seeing strong sales velocity for being later to the economic recovery trend than gateway cities. “I’m not … surprised by that at all,” Muoio said. “Atlanta’s not in that priced-to-perfection, riskier profiles” like Miami or New York City. Cities like Atlanta, while taking longer to recover, are now showing job growth and rent growth across real estate asset classes, making them targets for investors both domestic and foreign.

I’m not … surprised by that at all,” Muoio said. “Atlanta’s not in that priced-to-perfection, riskier profiles” like Miami or New York City.

Cities like Atlanta, while taking longer to recover, are now showing job growth and rent growth across real estate asset classes, making them targets for investors both domestic and foreign.