Looking for a vibrant, rapidly-developing neighborhood for your company’s next office space? Downtown Atlanta may have just what you need. Centrally located near Mercedes-Benz Stadium, Centennial-Olympic Park, and Atlanta’s world-class universities, Downtown Atlanta offers a better value than comparatively pricey Midtown or Buckhead, and access to multiple MARTA stations makes greener commuting easy. Between innovative new builds and newly-restored historic and mid-century buildings, the explosion of mixed-use, residential, and retail space in the area makes Downtown more attractive than ever.
With new developments popping up everywhere you look, the choices are overwhelming. That’s why we’ve spoken with an associate at one of Atlanta’s top commercial real estate firms to help you navigate just a few of Downtown Atlanta’s many opportunities.
If you like historic detail and a dynamic, creative vibe, you’ll love South Downtown. Since 2016, German real estate investor Newport has purchased 48 historic buildings between the Downtown Connector and Ted Turner Drive, and the first of these restored buildings – 222 Mitchell St. and the buildings that comprise Hotel Row – are now leasing for 2023. 222 Mitchell spans an entire block, offering over 250,000 square feet of Class A office space as well as a rooftop restaurant and 70,000 square feet of retail. Meanwhile, Hotel Row offers cozier creative office spaces, featuring original architectural details such as brickwork and ornate tile.
The 50-acre Centennial Yards development promises cutting-edge office space for Atlanta’s innovators, centered on the 28-story One Centennial Yards. Located on the former site of the AJC’s printing facility, this enormous project will offer a massive 500,000 square feet of Class-A office space serviced by 19,000 square feet of top-tier amenity spaces, including a café, co-working lounge, and fitness facility. Other perks include direct access to the Five Points MARTA station, outdoor access on every floor, and “smart infrastructure” optimized for sustainability and digital connectivity. Other office space in the development includes Centennial Yards South, offering creative spaces in a post-industrial boutique setting, while the Sports Entertainment Center, contiguous with the Georgia World Congress Center, will provide easy access to the best entertainment Atlanta has to offer.
With these developments and many more in the works – including a revitalization of the historic Underground Atlanta district, the 45-story “FIFTY” Ivan Allen tower, and the expansion of amenities in the Summerhill neighborhood – Downtown Atlanta has incredible commercial real estate opportunities at every turn. Will it be the place your company calls home?
Special thanks to Tim Wright with Avison Young for his help and collaboration.