ATLANTA—The national trend toward more urban and mixed-use retail is evident in Atlanta, according to CBRE's latest report. The urban core has seen a significant amount of growth in recent years, supported in part by projects such as the Atlanta BeltLine, Ponce City Market, Avalon and upcoming developments 725 Ponce and The Battery at SunTrust Park.
Investor interest and the proven success of urban retail is raising the perception of Atlanta as a strong market for retail investment and development. As such, the retail market's future in suburban and urban core areas should be bright. It also looks bright for the rest of the Southeast.
“While the two major markets of Atlanta and Miami account for more than 50% of the region's commercial real estate investment, markets such as Charlotte and Nashville are growing talent hubs and provide tremendous value for occupiers—and possess new potential opportunities for investors,” Dan Wagner, CBRE Southeast director of research, tells GlobeSt.com. “Prospects for future expansion are sunny—the South's growing population base and expanding labor market, combined with relatively low overall occupancy costs will continue to attract both investors and occupiers to the region.”
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