ATLANTA, GA—Cushman & Wakefield'sTranswesternTranswestern'sCushman& Wakefield
KeithPierceTranswestern'sMARTACushman & Wakefield
You can hear the complete audio interview with Chad Koenigof Cushman & Wakefield in the playerbelow.clicking here
CushmanChad KoenigKoeningBuckheadCentralPerimeterMARTAChamblee MARTAKoeningMARTAMARTAKoenig- On the office side, roughly 61% of all new construction iswithin one-half mile of a MARTA station, and allthese projects are high-end, class A developments;
- Average office rents within a half-mile of a transit stationtotaled $29.42 in the first quarter, up 5.1% year-over-year and24.8% higher than the overall Atlanta market;
- Over the past decade, the number of new residential unitswithin the MARTA market was more than triple theinventory growth of non-MARTA market locations,and when demand is this strong, multifamily developments near railstations are able to achieve rents nearly 50% higher than thoseoutside the half-mile radius.
- Finally, the research showed that effective 2018 rents withinthe MARTA market average $1.68 per square footcompared to non-MARTA market multifamily averageof $1.14 per square foot.
- Today, new construction properties in the most active anddesired submarkets have reached above $2 per square foot, as theyare predominantly class A developments with exceptional amenitypackages and unit features.
BrianLandesTranswesternCushman & Wakefield'sKoenigMARTAMARTAMARTA
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
