As high-rise rents rise, affordable unit demand increases

Atlanta has long struggled to provide affordable housing. The problem has grown worse as a building spree of high-rise towers has fueled a surging demand for pricey luxury units.   “There’s been a limited supply of new, affordable housing,” said Marc Pollack, chairman of Pollack Shores Real Estate. “Then there’s been a reduction in the existing supply of affordable housing by virtue of the fact that properties have been demolished or they’ve been fixed up and they’re not affordable anymore.”  Even…

Atlanta has long struggled to provide affordable housing. The problem has grown worse as a building spree of high-rise towers has fueled a surging demand for pricey luxury units.   “There’s been a limited supply of new, affordable housing,” said Marc Pollack, chairman of Pollack Shores Real Estate. “Then there’s been a reduction in the existing supply of affordable housing by virtue of the fact that properties have been demolished or they’ve been fixed up and they’re not affordable anymore.”  Even…

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