It’s no secret that Atlanta is comprised of many counties and suburbs—but which one is leading the pack in terms of successful real estate for 2014 so far in terms of Atlanta commercial real estate? Let’s break down the top three areas and delve in a little into what is driving their success.
Central Perimeter: net absorption was 600,000+ rentable square feet plus, for 2013. This is once again the biggest submarket in Atlanta. The potential downfall? With such high occupancy rates, the rents are going to rise as demand quickly outpaces the supply.
Buckhead: a new complex, The Buckhead Atlanta Retail Complex, is finally complete. The once perilous overdevelopment of Buckhead is now striking a balance as an influx of consumers and retailers alike return to the area. The bad news about the growth? The already problematic traffic in the area will only intensify.
Midtown: tech-savvy growth is undeniable. The Georgia Tech high-performance computer center builds on this submarket’s clear focus and identity as an innovation district that can battle with San Francisco and Seattle, and the rumors about Google Fiber coming to the area can have a huge impact.