The Country’s #1 Market
for Corporate Relocation: Atlanta


Allen Aldridge

Atlanta offers a lot to relocate to: a city friendly to business, the most visited airport in the country, a burgeoning movie industry, and some of the nation’s top companies, including Coca Cola, General Electric, NCR, Mercedes-Benz, and Delta. In 2016 alone, more than 90,000 people moved to Atlanta; over half of the city’s population were those who moved there from out of town. Many of these people are Millennials, settling down to careers and family, according to GA Homes Digest.

A low cost of living teamed with high employment and wages contribute to Atlanta being the nation’s #1 market for corporate relocation, according to the Blue Book Market Intelligence Report.

There has also been a growing demand for medical office space in Atlanta, which drove down the market vacancy to 9 percent in the first quarter of 2018, Globe St. reports. That stat is the lowest level since 2003. The paper also reports that Atlanta posted a 6.3 percent industrial vacancy rate during the first quarter of 2018, which is the lowest level since 1995. This is due to strong demand outpacing supply.

The city is also experiencing a surge in new data center growth and activity, according to Bisnow. Facebook may be preparing a $40 billion data center campus 30 miles east of Atlanta, and both Amazon and Microsoft are considering data center locations.

Atlanta also ranks sixth on Forbes’  “15 Booming Real Estate Markets That Are Trending in 2018.” Forbes also listed Atlanta as #3 of “The Ten Best Cities for Young Entrepreneurs,” with a cost of living index of a high 95.

KBS properties in Atlanta include:

201 17th Street — this 355,870-square-foot, 17-story office tower is LEED Gold certified and allows access to the best of Midtown — 20 restaurants, 50 retailers and a Publix grocery store. It features a 15,000-square-foot penthouse floor with an expansive outdoor deck featuring a built-in grill, bar, and skyline views. It’s part of the larger Atlantic Station mixed-use project — in 2014, KBS REIT III acquired the building next door, 171 17th Street.

 

 

 

The Country’s #1 Market<BR><noscript><img class=
Allen Aldridge is a senior vice president for KBS, overseeing 3.5 million square feet of office space in the southwest region of the United States.