A substantial inventory of housing has already been built in Downtown and is very successful. Rents and sale prices are comparable to Midtown, Buckhead and other desirable areas indicating that Downtown is a viable housing market. The average size of a newly constructed apartment is approximately 900 square feet, and loft conversions are 1,270 square feet.
Downtown offers housing in converted office buildings, industrial lofts, and new construction.
The population living in Downtown Atlanta is diverse and cosmopolitan. Over 95 percent are satisfied with living Downtown. There is a strong market for condominiums or other forms of home ownership with 70 percent of the existing residents surveyed expressing an interest in owning.