Monthly Archives: April 2015

Atlanta’s Thriving Data Center Market

The number of businesses outsourcing IT operations and the emergent dependence on cloud technology are causing a surge in data center development across the country.  There’s no doubt that Atlanta, often touted as the “Most Wired City,” is the southeastern hub for telecom and fiber infrastructure. And because it is one of the fastest growing data center markets nationwide, major companies such as E*Trade, Google and UPS have decided to locate mission-critical facilities here in Atlanta.

In addition to infrastructure, Georgia’s geographic location also makes it easy for companies to consider our state as a data center destination. Not only does Hartsfield-Jackson International airport provide optimal accessibility but there is very low risk of natural disasters to disrupt power or destroy costly equipment.

The business climate in Georgia is appealing too. As of 2012, data centers are 100 percent exempt from sales taxes on computer equipment and construction material purchases of more than $15 million annually. Operating costs are kept low with nonregulated telecommunication services and electric rates are 20 percent below the national average. The state helps to ensure companies have an abundant skilled labor force by offering customized workforce education programs.

If Atlanta is on your list of locations to build or lease a data center, contact McWhirter Realty Partners to learn about land or warehouse locations available today. We have a thorough understanding of data center requirements, area incentives and competitive rates in sought after locations.

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in industrial, self-storage, technology, office, retail, healthcare and land sales throughout the United States with a focus in the southeast. The company consistently ranks as a Top Ten Producer as recognized by the Atlanta Commercial Board of REALTORS. McWhirter Realty Partners is located at 300 Galleria Parkway, Suite 300, Atlanta, Georgia 30339. www.mcwrealty.com.

 

 

Atlanta Area Focus: West End 

The West End neighborhood of Atlanta – one of the city’s first districts listed on the National Register of Historic Places – has seen an uptick in attention recently due to its proximity to the growing movie industry in Atlanta. 

It’s convenient location close to three major interstates and Hartsfield-Jackson International Airport certainly is a logical draw for major industries in need of substantial warehouses or land tracts. Not to mention, the price is right on these properties due to the areas high vacancy rate. 

The influx of new business generates substantial job creation and in turn, the need for additional housing. Another residential draw is the Atlanta BeltLine’s West Side Trail which passes through the district creating abundant greenspace and pedestrian friendly travel ways. The combination of jobs, people and walkability in a highly economical area bode well to attract new retail as well. 

Atlanta’s West End revitalization will continue to attract real estate investors and developers. McWhirter Realty Partners has extensive knowledge of the neighborhood and surrounding area. Current opportunities include: 

For Lease:

 For Sale:

  • 1011 White Street: 2,400 SF warehouse
  • 1170 Sylvan Road: 9,000 SF event facility and warehouse

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in industrial, self-storage, office, retail, healthcare and land sales throughout the United States with a focus in the southeast. The company consistently ranks as a Top Ten Producer as recognized by the Atlanta Commercial Board of REALTORS. McWhirter Realty Partners is located at 300 Galleria Parkway, Suite 300, Atlanta, Georgia 30339. www.mcwrealty.com.

 

Healthcare Providers Reevaluate Real Estate Options in Growing Market Segment

Industry Focus: Healthcare Real Estate 

Rapid changes in the healthcare system are affecting many aspects of the industry – including how medical practices are making real estate decisions.  Two major trends are affecting how healthcare providers are reevaluating the real estate options available.  And now it’s more important than ever for medical practices to work with a real estate broker who thoroughly understands the site, entitlement, technology and other needs unique to healthcare tenants. 

Healthcare Trend: Consolidation 

Consolidation of health systems is happening across the country with large systems absorbing smaller ones. Additionally, many private practice physicians are joining large systems due to their ability to more cost-effectively and efficiently adhere to changes mandated by the Affordable Care Act. With these major shifts in the industry, owners of medical office space are now leasing larger spaces – 25,000 square feet or more – and seeing very little movement in current tenants. 

Healthcare Trend: Community-based Care 

Where people are going for medical care is also changing.  There is a push toward more community-based health management – essentially locating medical facilities based on the population’s needs and availability of resources to meet them. This means large systems are locating offices convenient to its’ patient population so post-discharge care is easy for the patient, in turn lowering readmission rates that are costly for the care provider. Real estate companies are seeing an increase demand for medical office space in rural or suburban markets. Existing medical office tenants are also choosing to renovate rather than relocate to meet changes in technology or other industry advances. 

McWhirter Realty Partners continues to follow healthcare trends and understands the context, challenges and opportunities faced by medical practices in this market.  Plus, we have a strong history of working with healthcare systems and knowledge of medical office space availability and requirements throughout the metro Atlanta are. We understand the intricacies of site selection and entitlements to effectively guide decisions. If you have questions about healthcare real estate in the Atlanta area contact us today. 

McWhirter Realty Partners focuses on brokerage, property management and development services with expertise in healthcare, industrial, self-storage, office, retail and land sales throughout the United States. The company consistently ranks as a Top Ten Producer as recognized by the Atlanta Commercial Board of REALTORS. McWhirter Realty Partners is located at 300 Galleria Parkway, Suite 300, Atlanta, Georgia 30339. www.mcwrealty.com