Atlanta Commercial Property Prices
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Commercial Office Space to Rent:
The city of Atlanta has been working on several commercial developments, to help aid the economy in a variety of ways. Business can grow and thrive in the area, amidst several large companies, high rises, and many other options to explore in terms of office space opportunities. A recent survey of the available office space in the greater metropolitan area yielded results comparable to other major cities, with prices starting around $540 a month for smaller, furnished units. Smaller options also exist in the area with prices around $1.30 - $2.20 a square foot for traditional offices, or set prices at around $900 a month for small spaces in both high traffic and low traffic areas. Atlanta commercial properties for rent are growing in numbers still - due to the down economy. Unfortunately, as many Americans have lost their jobs, and many companies have gone out of business, office space prices have dropped which is terrible for the local Atlanta commercial real estate market. Recent renters we have been able to help include law firms, agents, marketing, PR, tech, software, sales, start ups, counselors, mortgage brokers, and private professionals who just need 100 sq ft office space to get out of the house. The Central Atlanta Progress has continually worked to get the downtown district improved and has in recent years built a strong community setting for both business and tourists to visit. Local areas in Atlanta that we provide office space rentals in are: Buckhead, Canton, Chamblee, Cobb county, College Park, Covington, Decatur, Doraville, east point, Forest Park, Griffin, Grant Park, Hiram, Macon, Marietta Square, Metro, Midtown, Norcross, Roswell, Sandy Springs, Stone Mountain, Woodstock. We also offer offices in Memphis, Charlotte, and Athens.
The capital of the state of Georgia and the largest city in the state is Atlanta. The city has been ranked as the 33rd largest city in the United States and has an estimated population of 541,954. The estimated population of the greater metropolitan area of Atlanta is around 5.41 million people and is ranked 9th overall in terms of population. The density of the city is roughly 629.4 square miles. The Atlanta area has seen an extensive growth, and much like other large-scale metropolises in the United States, has been rapidly increasing in terms of residents looking for career, business, and education opportunities. In the past decade more than 1.13 million people flocked to the area, making it one of the fastest growing areas, right behind the Dallas-Fort Worth area.
Economy / Housing:
The city of Atlanta has an economy that hinges on a wide variety of different companies, both large and small. It is a fast growing city with lots of Fortune 500 companies, and home to several larger corporations in the suburbs of the city. Some of the major companies include The Coca Cola Company, Home Depot, United Parcel Service, Newell, AT&T, Delta Airlines, Rubbermaid, and many others. With the wide variety of vocations to explore, and a growing economy, it is somewhat surprising that the unemployment rate has risen during the economic downturn. Despite the increase in unemployment, that area has a large number of options to explore, especially for those looking to become entrepreneurs.
The real estate market of Atlanta is a point of interest for those that are looking to move into the area. While analysts have seen a decline in the overall prices of homes in the area, the average Median listing price has been seeing an increase due to higher buyer demand. There are a variety of options to explore, and while the median house price has fallen roughly 3%, there are still many in between to explore for those in the market for a new home. The local residents are hoping that the housing market rebounds quickly, and once that happens then it's likely that the commercial property sector in Atlanta Georgia will recover alongside - as prices slowly rise.
Climate / Culture:
Atlanta has good weather throughout the year, with great climate. The city is located near the foothills of the Appalachian Mountains allowing great overall outdoors. The spring and falls are long, and the winters are relatively mild. The city gets an annual rainfall of around 48 inches. Commuting is made easy thanks to an effective freeway system made up of the 75, 85, 285,and the 675 and the 20. All of these routes offer convenient access to any Atlanta office space you might choose to rent. The rapid commercial development in Atlanta has unfortunately caused Atlanta to have one of the highest crime rates in America with a rate of 105 per one thousand residents. This is definitely high when compared to other cities of the same size in the United States.
Its international airport is said to be the world’s busiest airports and has played a key role in Atlanta’s economic growth. That fact is also why other, somewhat nearby cities, like Nashville, Miami, and Jacksonville are important places in the Southeast when it comes to commercial real estate. Interestingly, Atlanta has also produced the fastest growing millionaire population in the United States and it is estimated that this number will increase by another 65% withing the coming years.