The commercial real estate market in Atlanta is booming. As the capital and most populous city in Georgia, Atlanta is home to 5.8 million residents and some of the most dynamic and complex commercial real estate in the country, along with historic communities and charming residential neighborhoods.
The Atlanta metropolitan region witnessed a 1.6 percent growth in population between 2015 and 2016, making it the fourth largest region in the country for the number of new residents, according to Census Bureau data. The rate of growth is expected to continue to rise. By the time Atlanta’s oldest millennials near retirement, the metro’s population is expected to soar to more than 9 million people, making Atlanta the nation’s sixth largest metro, trailing only New York, Los Angeles, Dallas, Houston and Chicago, according to the U.S. Conference of Mayors.
Atlanta’s explosive growth is good news for commercial real estate. Atlanta is in the top spot in the country for net industrial space absorbed, according to Colliers International. An increase in the demand for commercial real estate results in reduced vacancies. Consumer products, logistics companies, and e-commerce companies remain the most active tenants in the market, and over 5 million square feet of positive absorption is projected to occur in Atlanta next quarter, according to Colliers International. Looking toward the future, the outlook for commercial real estate activity in Atlanta looks very promising.
About The Atlanta NCS
Commonwealth Land Title Insurance Company's Atlanta National Commercial Services specializes in helping you close your deal with a variety of services with experience across a spectrum of real estate sectors. Commercial real estate investments span a wide range of land and properties, from farmland to industrial parks, hospitals and multi-state restaurant chains, government-owned buildings, corporate transactions, and even power and energy projects. Whether you are buying or selling, our team of professionals are experts in all areas of commercial real estate transactions for land and property within Georgia and all 50 states.
About Fidelity National Financial
Fidelity National Financial, Inc. (FNF) is currently ranked #359 on the 2023 FORTUNE 500®*, and is among numerous defense, energy, media, hospitality and financial FORTUNE 500®* companies based in the region. Our Atlanta-based team of CRE professionals works in all facets of the industry, including power and energy projects, office buildings, industrial parks, multifamily housing, retail properties, government contracts, corporate transactions and more.
Discover what’s new and interesting in our backyard in the latest real estate news, provided courtesy of the FNF Newsdesk.
*FORTUNE and FORTUNE 500 are registered trademarks of Time Inc. From FORTUNE Magazine, June 2023 ©2023 Time Inc. FORTUNE and Time Inc. are not affiliated with, and do not endorse products or services of Fidelity National Financial. Chicago Title Insurance Company is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.