Atlanta ranked as the No. 12 city in the U.S. for real estate development over the past decade, according to a new report from StorageCafe. Ample residential, industrial and office construction make Georgia’s capital one of the country’s hottest hubs for real estate development, as any venture around town indicates.
The 100 largest U.S. cities were ranked based on inventory expansion in six categories between 2013 and 2022: single-family permits, multifamily permits, office space, industrial space, retail space and self-storage space. Atlanta came in at No. 12, in between Orlando, Florida, and Nashville, Tennessee, respectively. Houston, San Antonio and Austin, Texas, topped the list.
Atlanta’s best performing sectors were office, retail, multifamily and self-storage: The city saw the addition of more than 17.4 million square feet of new office space over the past decade, with 2021 the best year by far, with about 5.2 million square feet of space. Keeping pace with its growing population, Atlanta’s multifamily construction is booming, too: the last 10 years saw more than 47,000 building permits for apartments.
Here are some of Atlanta’s construction statistics from StorageCafe’s report:
Single-family permits: 8,470
Multifamily permits: 47,126
Office space: 17,446,957 square feet
Industrial space: 614,391,773 square feet
Retail space: 4,878,542 square feet
Self-storage space: 2,979,644 square feet
Full article: https://atlantaagentmagazine.com/2023/06/21/atlanta-ranks-12-for-new-construction
