Metro Atlanta’s Multifamily Market Poised for Growth Despite Construction Costs

Driven by continued job and population growth, metro Atlanta’s multifamily market remains strong. Rarely a week goes by without an announcement of another corporate relocation or expansion somewhere throughout the metro area.This, in addition to an increasing population seeking the region’s quality of life, relative affordability and dynamic economy, has sustained the current cycle of development in the multifamily market.[caption id="attachment_219240" align="alignleft" …

January 7, 2019Georgia, Market Reports, Multifamily, Southeast, Southeast Market Reports

Office Redevelopments, Leasing Key to Downtown Atlanta’s Re-emergence

The vitality of Downtown Atlanta is exciting. In response to a wave of revitalization efforts and substantial investment from corporations, universities and the public sector, the submarket’s fundamentals are rapidly strengthening.As tenants have reprioritized their desires for office locations to include access to public transportation, walkable retail and proximity to cultural attractions and an educated workforce, Downtown has gained tremendous traction in demand and re-emerged as an …

December 31, 2018Georgia, Market Reports, Office, Property Type, Southeast, Southeast Market Reports

Retailers Attracted to Atlanta’s Mixed-Use Projects, Infill Locations

If we had to sum up the 2018 Atlanta retail environment with a single word, it would be “change.” Atlanta’s builders have turned away from the traditional suburban models in favor of modern mixed-use developments featuring high-end office and residential units on the upper floors, along with street-level retail shops. Many planners see such projects as a means of creating more walkable, safe and vibrant neighborhoods.Retailers are drawn to intown opportunities such as Modera by Mill …

December 24, 2018Georgia, Market Reports, Property Type, Retail, Southeast, Southeast Market Reports

Historically Low Vacancy, Port Growth Drive Savannah’s Industrial Development

Though Savannah by all standards is a small industrial market, you would never know it from the activity in the area. At 57 million square feet, the port city is poised to add an astounding 9.75 million square feet of inventory by mid-2019. The force behind all of this growth is attributed to one key factor: The Georgia Ports Authority (GPA).The GPA is an economic giant in Georgia supporting one of every 11 jobs in the state and accounting for 8 percent of its GDP. Home to the largest …

December 17, 2018Georgia, Industrial, Market Reports, Southeast, Southeast Market Reports

Tech, Film Industries Help Atlanta Sustain Retail Growth Intown and in Suburbs

“How long will Atlanta’s retail boom last?” That is the multibillion-dollar question everyone in the market is asking themselves. Nobody knows for sure, although there are many valid reasons to think that Atlanta will sustain its growth through 2018 and beyond.The state of Georgia has placed a strong emphasis on drawing technology companies to the state, and Atlanta’s tech boom has catapulted the city to the front of the race for Amazon’s $5 billion HQ2 project. The city already …

July 16, 2018Georgia, Market Reports, Property Type, Retail, Southeast, Southeast Market Reports

Booming Atlanta Industrial Market Continues Surge Thanks to E-Commerce

Atlanta is the logistics hub and economic engine of the Southeast, which is the fastest growing region in the country. Its 700 million square feet of industrial space makes it the fifth largest logistics market in the United States.Traditionally, population and job growth are key drivers of industrial demand, and Atlanta has had strong growth in each. The metro added 78,000 people in 2017, or nearly 214 new residents every day, which is reminiscent of the solid population growth of the …

July 9, 2018Georgia, Industrial, Market Reports, Property Type, Southeast, Southeast Market Reports

KDC Underway on Phase II of Park Center Office Campus in Central Perimeter

Park Center is the largest ground-up corporate office project in metro Atlanta’s history. In early 2017, KDC broke ground on Park Center Phase II, which consists of two office towers totaling 1.1 million square feet, including approximately 40,000 square feet of retail space. The office towers will be leased by State Farm, which also leased the 21-story office tower in Phase I.[caption id="attachment_205067" align="alignleft" width="100"] Alex Chambers, KDC[/caption]Phase II of Park …

July 2, 2018Georgia, Market Reports, Office, Property Type, Southeast, Southeast Market Reports

Demand for Live-Work-Play Fueling Global Interest in Atlanta Multifamily Market

With Atlanta’s economy more robust than ever, demand for multifamily housing remains high, driving rent growth and investor interest throughout the market.Since the last cycle — when a reliance on construction hit hard — the city has transformed its economy by building up its IT, healthcare and automotive sectors, among others. The results of strong job growth and the diversification of employment are evident market-wide.In particular, Buckhead and Midtown have seen a substantial …

December 4, 2017Georgia, Market Reports, Multifamily, Southeast, Southeast Market Reports

Creative Office Space Fuels Growth in the Already Robust Atlanta Market

Although so-called “creative office space” is for now a tiny slice of the overall supply in Atlanta, it represents the most significant change in the use of office space in generations. Tenants and landlords have only begun to use creative design principles to push rents past levels previously thought unreachable, while increasing worker productivity and satisfaction. Trends in this sector will define the American workplace for decades.The largest users of creative office space — …

November 27, 2017Georgia, Market Reports, Office, Southeast, Southeast Market Reports

Atlanta’s Disciplined Retail Market Ready to Face Headwinds from REITs, Amazon

A decade ago, the Atlanta retail market was a house of cards. It was clear to see this if you were in the industry at the time, and possibly even if you weren’t. Based on the intense overbuilding that had taken place, it wouldn’t have taken a worldwide economic meltdown to wreck it, though that didn’t help. Literally hundreds of unanchored retail centers had cropped up all over suburbia, fitting directly into everything that people consider to be negative about shopping centers.The …

November 20, 2017Georgia, Market Reports, Retail, Southeast, Southeast Market Reports