Atlanta Commercial Real Estate Continues to Thrive

Atlanta commercial real estate is a a big business, and business is booming. There’s plenty of new projects going on, or in the works, all over the greater Atlanta area. That’s music to the ears of commercial real estate professionals in town.

College Park officials recently approved a $35 million mixed use development project near MARTA and Hotel Indigo. The mixed use development is set to include mid rise apartments and 75,000 sq. ft. of office space. Brookhaven and Candler Park are also working to bring similar projects near their MARTA stations. Atlanta commercial real estate experts are excited to see individual neighborhoods building up their offerings and welcoming in new money and projects.

City of Atlanta officials are busy as well. It’s no secret that eCommerce giant, World Pay, has been eyeing a relocation, and Atlantic Stations is hoping to land them. The cities economic development arm will vote on $1.5 in incentives to try and entice the relocation from Sandy Springs. Atlanta officials and commercial real estate professionals think they have momentum in luring suburban companies towards the urban epicenter. With more young people moving to the area, companies are being forced to setup shop in areas they are less accustomed to.

World Pay isn’t the only giant making moves in the Atlanta commercial real estate space; GM is expected to add 200-400 jobs just a year after opening a 1,000 employee technology development center in Metro Atlanta. They have already reached capacity and are looking to expand in the North Fulton area. Demand for top IT talent is increasing every day, making Atlanta a hotbed for expansion due to its proximity to Georgia Tech campus.

It’s definitely an exciting time for commercial real estate in Atlanta and we’ll be excited to see how things shake up in the final quarter of 2014.

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