While the big Texas cities eat Atlanta’s lunch when it comes to commercial real estate growth, Georgia’s capital has carved out a unique position on a national scale over the past decade.
This is one takeaway from a new report by 42Floors Inc. The report ranked him sixth in the nation for the amount of commercial real estate development the Atlanta metropolitan area has packed since the 2010 economic downturn.
42Floors, a CRE listing service that is part of Yardi’s platform network, tracked the evolution of CRE from 2010 to 2021. new research It shows that the southern metropolises are generally booming.
Only retail buildings over 50,000 square feet and office and industrial buildings over 25,000 square feet were considered in the analysis.
Atlanta Metro, which includes development hotspots such as Sandy Springs and Alpharetta, has only added a total of 125 million square feet of new CRE space since 2010, the study found.
That number outstrips competitors such as Metro Phoenix (105 million square feet) and Miami (80 million), but falls far behind second-placed Houston (208 million). It’s also less than half the size of the Dallas-Fort Worth metropolitan area (289 million square feet), according to 42Floors research.
(It should be noted that Irrelevant analysis We recently found that Atlanta’s Intown leads the country in the sheer amount of new apartments added since 2013, contributing significantly to the overall development pattern. )
Another bright spot for the Atlanta Subway is the completion of an industrial site.of growing rapidly The logistics and supply chain hub has added 92 million square feet of industrial and warehouse space since 2010.This is the 5th best in the US
Metro Atlanta also completed its sixth retail facility, adding 8.9 million square feet of retail to the market, according to 42Floors analysis.
Despite the gangbusters office construction And a recent blockbuster deal involving Google’s new 19-story office in Midtown Atlanta’s Metro Atlanta failed to make the top 10 in terms of new office space added since 2010.
In that category, 79 million square feet of New York City’s metropolitan area was described as “unruly.”
Here’s how 42Floors’ top 10 performers stack up across CRE development.
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