Atlanta is one of the fastest-growing markets in the nation and has become one of the best places to live and work in the South. So it’s no wonder the residential real estate market has seen phenomenal growth over the past several years.
Even with its enormous popularity, I believe there is still potential growth opportunity if you know where to look. Below I highlight two established neighborhoods and two up and coming neighborhoods with future growth potential.Continue reading
Without a doubt, if you’re from Atlanta you’re familiar with Buckhead, it’s one of Atlanta’s most fashionable neighborhoods, often being referred to as the “Beverly Hills of the East”.
It gets its nickname for a good reason, it’s home to some of Atlanta’s most luxurious homes and condos, best high-end restaurants like Aria and Chops, and premium shopping with Phipps Plaza, Lenox Square and The Shops at Buckhead.
But there’s more soul to Buckhead than meets the eye. Underneath all it’s glamour is the tech hub of Atlanta and the Southeast. In fact, according to Forbes, Atlanta is considered to be one of the top 5 up and coming tech mecca’s in the country with tech jobs growing close to 40% since 2010.
Lying at the center of all the tech growth is Atlanta Tech Village (ATV), located in the heart of Buckhead. Founded by David Cummings, The ATV, as it’s known, is considered the start-up hub of tech innovation in Atlanta attracting top start-ups and talent from around the country.
The tech and innovation attraction of Buckhead is one of the main reasons Buckhead is expected to exceed over 40% population growth in the next 20 years, with the largest demographic being people ages 25-34. This expected growth makes it ripe for real estate growth. According to the 2018 Buckhead Guidebook, there are over 22 new developments underway, of which 2,700 are new multifamily units. Additionally, 38 new development projects have been announced but not yet started, so developers continue to remain positive on growth within Buckhead. Even with all the development underway, according to mdjonline.com, there is still not enough inventory to meet the expected population growth.
So what does this mean for savvy real estate investors, new families and millennials looking to relocate? I believe there is a good buying opportunity in Buckhead right now. If you’re a person looking to be part of one of the top tech business communities in the country, love good food and plenty of premium shopping then Buckhead should definitely be considered.
In fact, there are some really interesting residential developments happening right now too, one of which, The Charles, a luxury condo development located next to The Shops at Buckhead and slated to be completed in 2019.
Here is a link to an overview of many of the Buckhead projects underway.
In the meantime, take a look at one of my latest listings a the Eclipse Buckhead Condominiums, a stunning 2 bed 2 bath right in the heart of Buckhead.
If you’re interested in seeing are learning more about properties in Buckhead please do not hesitate to contact me with questions.
New Atlanta Midtown Luxury Condo Development
Atlanta Midtown has another mixed use development in the works from Selig Enterprises. The proposed development will be located at 1125 Peachtree Street, between 12th and 13th Streets.
According the the AJC, this new development will be 51 stories with street level retail, 56 condo units, 253 hotel units, 9 stories of office space and two restaurants.
It’s rumored that the Luxury Hotel, Ritz-Carlton will be the hotel space occupant.
Please contact me for more information on the Selig Luxury Condos.
Sign up for my Newsletter to stay up to date on all the latest developments and listings.
CLICK HERE TO SUBSCRIBE