Archive for the ‘Atlanta commercial movers’ Category

While the entire country has been battling with a floundering real estate market, cities notorious for poor real estate investments didn’t take the cake in 2011 for the weakest real estate market. In fact, the “winner” in that department is right here–Atlanta. The Atlanta movers hope we can get our local economy turned around in 2012.

Residential real estate took a blow, and the price of homes was down about 12 percent compared to 2010 figures. That make Atlanta the biggest decline in the nation. Paired with the housing market is the significant Atlanta unemployment–an above average 9.2 percent.

The Atlanta movers hear that there has been a new sale of commercial property in downtown Atlanta. The Imperial Hotel has long been inhabited by the homeless and low income families of the Atlanta metropolitan area. The last 15 years have seen the hotel house homeless and advocates at low costs–a far cry from the hot spot that it used to be back when it was one of Atlanta’s leading hotels.

Recently, the building was purchased by Columbia Residential and National Church Residences, and will remain a safe haven for the needy. Initial fears were apparent that the property might be remodeled and flipped as luxury condos, however, the goal is to provide high quality affordable housing for the needy. The current residents will be displaced while renovations are underway, however.

Buckhead has long been noted as an upscale and prominent area of Atlanta–but also one that had potentially jumped the gun and built too many new developments too quickly, such as expansive condo and apartments and also a plethora of office space. With the recession, many of these new and beautiful luxury buildings were left vacant.

However, with a new year seems to be a new turn for Buckhead. At it’s vacancy peak for offices, Buckhead was at 23% open units. Currently, that number has dropped to 18.7% vacancy. While the change may not seem significant, the Atlanta movers are hoping its a positive step in the right direction.

While residential real estate is staying busy with buyers, landlords, and renters; the commercial site isn’t doing as well–but it’s getting there. Hopefully in the first quarter of 2012 we will see some positive movements in the Atlanta market.

While the real estate market has had a rough year (as residential has as well), there are a few markets throughout the United States that showed in increase in market activity including sales, developments and new construction. The Atlanta movers are proud to say that our city is one of those successful markets. As the most reliable commercial mover in the Atlanta metro area, we are pleased by the strength of the Atlanta commercial real estate market and also hope that our situation only continues to improve.

According to a new article published on the Credit Union Times website, Atlanta is among a dozen cities (including Boston, Chicago, Cleveland, Dallas, Kansas City, Mo., Minneapolis, New York, Philadelphia, Richmond, San Francisco and St. Louis) that saw changes in the local commercial real estate market. Though the increases weren’t huge, they are certainly a step in the right direction.

In Atlanta specifically, rental vacancies declined, rents have stabilized, and construction activity is up from 2010.