🏗️ Metro Atlanta Bucking the National Multifamily Slowdown

  • While new multifamily starts are down ~21% nationwide, Atlanta is bucking that trend. The metro is projected to deliver 6,400 new apartment units in 2025—a substantial share of the region’s pipeline. Axios
  • Much of that growth is concentrated in Midtown, Downtown, and along the Beltline corridor. Axios+1
  • Demand remains strong: homeownership is increasingly unaffordable for many, pushing more households into the rental market, which is helping sustain robust rent levels despite inflation pressure. Axios

Beyond multifamily, a few other noteworthy CRE moves in Atlanta:

  • Industrial sector: CenterPoint Properties acquired a ~395,750-sqft industrial building in Lithia Springs for $51.6 million. Commercial Real Estate Direct+1
  • Flex-office space: SunCap Real Estate Investments bought the DeKalb Technology Center (285,000 sqft) for $41.6 million, adding to the local flex/innovation office stock. Commercial Real Estate Direct
  • Office sale-leaseback: Fortress Investment Group purchased a six-story office building in Alpharetta (305,000 sqft), previously occupied by UPS, for $93.2 million, with UPS continuing as tenant under leaseback terms. Commercial Real Estate Direct
  • Mixed-use / vertical momentum: A 60-story mixed-use tower at 1072 West Peachtree Street is under construction, with an expected completion in 2026, adding height and density to the Midtown skyline. Wikipedia
  • Leasing play: Partners Real Estate was just appointed the exclusive leasing agent for 1072 West P, underscoring confidence in demand for high-rise office / mixed-use space. Connect CRE

đź’ˇ Key Takeaways & What to Watch

  • Multifamily anchoring growth — Despite broader market softening, apartment development in Atlanta remains a bright spot; this will be a key stabilizer for CRE in 2025.
  • Industrial and flex appetite continues — Investment is still active in industrial and flex sectors, driven by logistics demand and hybrid office models.
  • Office recovery is slow / selective — The office market has pockets of traction (especially in newer, tech-forward buildings), but older Class B product likely remains under pressure.
  • Mixed-use and density bets — Projects like 1072 West Peachtree show continued confidence in high-density, transit-proximate development, especially in Midtown.

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