With the first two quarters posting absorption over 12 million square feet, all key indicators continue to confirm that the industrial market in Atlanta remains strong. In fact, the city leads the nation in total net absorption for the year and has already surpassed 75 percent of last year’s net absorption. The south Atlanta submarket made up for more than 60 percent of the year-to-date total.
The continued growth of Atlanta’s infrastructure, logistics and manufacturing industries are driving factors in the market’s success with warehouse and distribution centers representing the majority of the demand. Since the city is a logistic and transportation hub for air, road, water and rail, industrial sector opportunities will continue to increase. These factors and the growth of the e-commerce industry will also highlight the city as an attractive asset for real estate investors.
Georgia’s location, relatively affordable land rates and business-friendly climate often help position the state as a top selection site for big business. McWhirter Realty Partners helps companies find current space, and also identifies, develops and manages new construction opportunities.
If you’re looking for industrial space, visit our listings page or review these featured listings:
Dekalb County is consistently ranked as one of the top ten counties to live in Georgia based on factors such as cost of living, public schools, amenities and job opportunities. What’s more, since 2014, the county has made a significant effort to make it an even better place to do business with the creation of the Economic Development Strategic Plan.
The Plan recommended creating an incentive policy to help entice and expand business in six target industries: Advanced Manufacturing, Construction and Support Trades, Life Sciences, Logistics, Professional and Business Services and Tourism. In March of this year, an Economic Development Incentives Policy was approved.
Objectives of the Incentives Policy include: expanding economic development activity, enhancing the tax base, job creation and retention and encouraging private sector reinvestment in vital areas. For businesses within the target industries this means the potential for reduced fees for development permits and business licenses, matching funds for water and sewer infrastructure improvements and possible acceleration of the development review process.
Dekalb County’s positive accolades and business incentives will continue to attract real estate investors and developers. McWhirter Realty Partners has extensive knowledge of the county and the surrounding area with current opportunities including:
- 5830 E. Ponce De Leon: 26,572 SF flex, office/warehouse building and a 6,650 SF service building, and is located within Stone Mountain Industrial Park.
- 6121 Memorial Drive: 40,000 SF former automobile dealership on 6.2 acres
If you have questions about real estate in Dekalb County or the metro Atlanta area, contact us today.
Henry County, located 20 miles southeast of Atlanta, recognizes the healthcare services industry as one it will focus on expanding as it continues to position itself as a corporate hub in Georgia. Nationally, this sector grew 28 percent between 2001 and 2011 and in Henry County it nearly doubled during that same time period. An aging population and strong predictions of population growth will only continue the opportunity and demand in this industry.
Healthcare services include hospitals, medical laboratories, clinics, wellness centers and outpatient treatment facilities. In Henry County, Piedmont Henry Hospital provides exceptional care to residents and visitors as a full service, fully accredited hospital. It also serves as one of the county’s top employers with more than 1,200 employees.
Henry County is well-poised to attract new healthcare services as well as expand existing ones. McWhirter Realty Partners has a strong history of working with healthcare systems and knowledge of medical office space availability and requirements throughout Henry County.
Our current opportunities include:
If you have questions about healthcare real estate in the Henry County area contact us today.
With healthcare costs continuing to rise and the rapidly growing aging population, medical office space will continue to be in high demand through 2016 and beyond. It’s anticipated that investment in this industry will increase and the retail sector will continue to benefit as outpatient facilities look to lease in areas more convenient to their patients.
Low interest rates and stable tenants lend favorably for investors in the healthcare real estate industry. However, these factors combined with the aging demographic and effects of the Affordable Care Act (ACA) have also increased demand and competition for healthcare properties. These same factors also create some financial uncertainty as question still remain regarding exactly how the ACA and insurance will effect hospitals and healthcare systems that are being charged with reducing costs while increasing the quality of care.
Reducing costs is one factor that is also driving healthcare – particularly outpatient services – to retail centers. With the ACA increasing the number of insured and convenience continuing to drive consumer trends, more people are choosing their healthcare providers the same as traditional retail in terms of choice and cost. Medical providers are relocating to shopping centers to capitalize on foot traffic and retail health clinics are on the rise due to their ability to provide longer hours, shorter waits and onsite services such as a pharmacy.
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 area.
Current leasing opportunities include six buildings in Decatur, Georgia, adjacent to Dekalb Medical with 14,000 SF currently available for lease. More information on the properties can be found here.
McWhirter Realty Partners understands 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.
BB&T foreclosed on a single tenant office warehouse building containing 125,000 square feet. The building was used by the prior owner as a fabric manufacturing facility. Upon foreclosure, the former owner vacated and left its equipment, furniture, trash, cardboard, large industrial spools and other equipment that was used in manufacturing fabric.
What We Did:
McWhirter Realty Partners was engaged by BB&T to secure the building and to start the process of liquidation of the equipment, furniture and materials left by former owner. McWhirter Realty Partners obtained bids to make the immediate building repairs, including repairs necessary to bring the building into compliance. McWhirter Realty Partners then supervised the liquidation of the equipment, furniture and materials. Upon completion of this work, McWhirter Realty Partners began aggressively marketing the building for sale and subsequently sold the building to a user.
Recreational properties in Georgia are attractive to outdoor enthusiasts and investors alike. Northwest Georgia in particular draws interest from both inside and outside the state with its proximity to metropolitan areas in Alabama and Tennessee. Often times these properties can help pay for themselves depending on the resources available for farming and timber.
McWhirter Realty Partners is currently offering a 195 acre tract in Walker County just outside of the Chattahoochee National Forest. It’s conveniently located just 1.5 hours from Atlanta and is within an hour of Chattanooga. The property offers a mixture of pastures, timber and streams with access to the headwaters of the Chattooga River.
A desirable location for both families and businesses, Walker County also benefits from the tourist industry by being home to the Chickamauga Battlefield National Park and Rock City Gardens at Lookout Mountain.
McWhirter Realty Partners continues to follow trends, challenges and opportunities in the recreational land market. If you have questions about this property or other land available, please visit www.mcwrealty.com.
A growing population and aging demographic coupled with the implementation of the Affordable Care Act are creating opportunities for new development and expansion within the healthcare real estate industry.
With more people having access to healthcare, there is an uptick in hospital expansion in new markets and in the creation of suburban clinics. There is also a growing trend to move diagnostic and treatment services such as oncology, cardiology and orthopedic care away from main campuses into clinics closer to the patient population most in need of these services – the boomers. Construction of new facilities allows for strategic location of services and is also better suited for today’s technology infrastructure that can withstand the fast-paced changes occurring within the industry.
In May, McWhirter Realty Partners and MB Real Estate Healthcare Group broke ground on a 30,000 square foot expansion of medical office space in Conyers, Georgia. The new medical office building in Conyers Medical Park allows Rockdale Medical Center, a subsidiary of LifePoint Health, to expand its urgent care, general surgery, vascular and neurological operations among other specialties.
This is the second of four buildings planned for the Conyers Medical Park and is scheduled for completion in the fourth quarter of 2015.
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. If you have questions about healthcare real estate in the Atlanta area contact us today.
There are a lot of positive elements taking place in the Atlanta retail market – occupancy is at its highest in seven years, new construction is increasing and the average rental rate remains low. What’s more, analysts anticipate the growth to continue with the overall occupancy rate increasing through the end of 2015.
While high occupancy levels and low rental rates seem to be contradictory, no one is complaining about the impact it’s having in the industry. Driving the major growth in the retail market is the increase in new apartment developments in-town and suburban mixed-use developments such as the Avalon in Alpharetta.
However, the average rental rate remains low due to the abundance of outdated properties in outlying areas that are unattractive to retailers and thus difficult to lease. Retailers realize slightly higher than average rental rates in urban markets but not as high as it could be without the vacancy in rural markets.
While this news is positive and developers are hopeful it continues, Atlanta is not unlike other markets where the greatest challenge continues to be from e-commerce retailers. To compete with the convenience of on-line shopping, developers will need to be creative in their approach in creating destinations for the brick and mortar retailers to attract consumers.
McWhirter Realty Partners helps companies find current retail pace but also identifies, develops and manages new construction opportunities. Contact us today or visit our listing page for more information.
Pinnacle Orthopedics- Marietta, Georgia
In 2003, Pinnacle Orthopedics engaged McWhirter Realty Partners to build its Marietta medical office and cha rged the firm with land acquisition, zoning, development and management. The two-story, 40,000 SF building was completed in 2004 and houses Pinnacle Orthopedics’ clinic, physical therapy practice and MRI unit.
After development was complete, McWhirter Realty Partners was retained as the Asset and Property Management Company. In 2015 Pinnacle decided to sell the building to a Healthcare REIT and McWhirter Realty Partners represented the company in the sale. The new owner continues to rely on McWhirter Realty Partners for Asset and Property Management and has since enlisted them for construction management services as it expands the physical therapy and MRI unit.
The rebound in commercial real estate continues across the country throughout the second quarter of 2015, including throughout Atlanta and its major submarkets. Atlanta currently ranks among the top 10 strongest markets in demand for office space, in part due to companies expanding and rapidly securing available inventory. The limited supply and increase in demand is causing rental rates to increase throughout Atlanta.
This trend is prevalent in submarkets such as Buckhead and Perimeter. Buckhead, which was one of the hardest hit submarkets during the recession, has been quick to maintain its pace of recovery since late 2014 and remains one of Atlanta’s top office submarkets. It has benefitted from the lack of new construction sites available, which causes companies to clamor for available space.
Central Perimeter, which includes Dunwoody and Sandy Springs, is also seeing a decrease in available office space – particularly the higher price points. At the end of 2014, the vacancy rate of class A office space was lower than any other Atlanta submarket. The desirability of the central Perimeter market most recently attracted Mercedes-Benz to lease space for its headquarters while building its new campus in the same area. Location is a significant draw for businesses with the proximity of major highways, three MARTA stations and an abundance of business-friendly amenities.
McWhirter Realty Partners has an in-depth understanding of the current office environment in Atlanta and its submarkets. Contact us today to find current space or identify new construction opportunities.
 DTZ Q2 2015 Report