ATLANTA, GA— Cushman & Wakefield's Transwestern Transwestern's Cushman & Wakefield 
Keith Pierce Transwestern's MARTA Cushman & Wakefield You can hear the complete audio interview with Chad Koenig of Cushman & Wakefield in the player below. clicking here
Cushman Chad Koenig Koening Buckhead Central Perimeter MARTA Chamblee MARTA Koening MARTA MARTA Koenig - On the office side, roughly 61% of all new construction is within one-half mile of a MARTA station, and all these projects are high-end, class A developments;
- Average office rents within a half-mile of a transit station totaled $29.42 in the first quarter, up 5.1% year-over-year and 24.8% higher than the overall Atlanta market;
- Over the past decade, the number of new residential units within the MARTA market was more than triple the inventory growth of non-MARTA market locations, and when demand is this strong, multifamily developments near rail stations are able to achieve rents nearly 50% higher than those outside the half-mile radius.
- Finally, the research showed that effective 2018 rents within the MARTA market average $1.68 per square foot compared to non-MARTA market multifamily average of $1.14 per square foot.
- Today, new construction properties in the most active and desired submarkets have reached above $2 per square foot, as they are predominantly class A developments with exceptional amenity packages and unit features.
Brian Landes Transwestern Cushman & Wakefield's Koenig MARTA MARTA MARTAWant to continue reading?
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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].
