Atlanta Office Market: Hot or Not?

Atlanta Office Market: Hot or Not?

2 years ago 0 0 825

Think back to the office market in 1985. People were saying, “Nothing can go wrong. People are still coming.” Those same people were soon singing the blues because surprise, surprise, something went wrong. Is Atlanta’s office market as hot as it seems? BizNow’s recent article The Fastest-Growing Office Rents in the U.S. Are in Atlanta touts Atlanta’s office market success, but, in my opinion, fails to give a full picture. I see it more as a tale of two cities—the institutional office market and the local office market. Midtown + Buckhead: Hot Atlanta Office Markets Media likes to focus on the hot markets, like Midtown and Buckhead, and rightfully so, according to these stats: “Rents at premier office spaces in Midtown and Buckhead have risen 14.2% since last year, breaking the $50/SF ceiling for the first time.” Plus, 2.2M SF of new prime office space is underway with “Selig Enterprises

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Amazon HQ2 Not Landing in Atlanta—Rejoice!

2 years ago 0 0 1074

I started talking about Atlanta’s Amazon HQ2 potential a year back in my post “Amazon HQ2 and The Gulch: A Symbiotic Relationship?” and continued the discussion in a follow-up post. Now, Amazon announced its intention to co-locate Amazon HQ2 in New York and the DC metro areas, and I am pleased with the result. Sometimes, you can score just as many runs hitting singles and doubles—so in that regard, Atlanta and Georgia are doing just fine. Thank you very much. Good Things Already Happening Here In my opinion, Atlanta is already winning the corporate relocation game as well as nurturing our own future Amazons through such initiatives as Atlanta Tech Village and the ATDC at Georgia Tech. Need evidence? Think Mercedes-Benz, Norfolk Southern, Apple, State Farm, Athena, and Accenture. All have announced either relocation or workforce expansion in the Atlanta metro area. And these are just a few. Some May

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Atlanta's Edge Cities are creating downtown centers, like Sandy Spring's City Springs, to offer amenities to attract future residents to the area, like the Sandy Springs Performing Arts Center

Atlanta’s Edge Cities: Alive and Well

3 years ago 0 0 1667

Two years ago, in Atlanta’s Edge Cities Develop New City Centers, I focused on how several of Atlanta’s edge cities, like Sandy Springs and Alpharetta, were attempting to create an “attractive sense of place.” This trend continues today, with Sandy Springs’ continued development, Roswell’s success and Peachtree Corners’ growth. More millennials are in their 30’s, and they’re looking for affordable housing in Atlanta to own, proximity to quality schools and work, convenience and, above all, a sense of place. With the rise of multi-use developments and entertainment centers in Atlanta’s suburbs, these folks are settling more and more in edge cities. Let’s take a closer look at some of these communities: Sandy Springs In my first blog, City Springs, the soon-to-be 14-acre civic and cultural center of Sandy Springs, was still renderings and plans, but earlier this year, it announced its first [retail] tenants, with construction expected to reach completion

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