Heave Ho, Industrial
– Here Come the Hipsters
By Mary Anne Walser,
Realtor & Attorney, 404-277-3527, maryannesellshomes@gmail.com
Industrial is IN!!! If you haven’t noticed, industrial areas
are hot right now, particularly if close in town. Case in point is the Armour
Ottley area, where you can find Sweetwater Brewery, Mason Art Gallery, and the
new ARMOUR YARDS which bills itself as “Atlanta’s newest restaurant district.” It’s
in an area under I-85 near Monroe and Morningside that was, until very recently,
ALL INDUSTRIAL. Now it is the cool “in” place to play and will soon be “the”
place to live as well. But note this –
the industrial areas are “in” for other uses, meaning they are no longer all
industrial.
Hipster interests, then, are giving the old heave ho to
industrial uses. But of course the areas
in question retain a certain industrial vibe; that’s part of the appeal. Consider
Castleberry Hill, near the Falcons Stadium: still lots of warehouse space, but
more and more condos, art galleries, and restaurants (like No Mas, an awesome
Mexican restaurant and shop/museum – if you haven’t been there, go!) There’s even a regular “Art Stroll.”
But let’s talk about that misplaced industrial – where is it
going? There’s more and more demand for e-commerce space. After all, when you
order online and want your goods delivered fast, they’ve got to be warehoused
somewhere close. The worse Atlanta traffic gets, the closer those goods must be
to the end user. This greater demand for industrial space, with more of former
industrial space being used for “something else,” means that industrial space
in Atlanta is getting more and more pricey. It’s a landlord’s market for
industrial, for sure.
At a recent panel discussion before the Atlanta Commercial
Board of Realtors, the panel of experts indicated that the biggest demand and
most activity in the industrial sphere is in the NE Quadrant (Doraville, Buford
Highway, up to Norcross), I-20 west (but inside the Perimeter), and I-85 south
(airport area and south). While you might think the movie industry coming to
Atlanta is driving a lot of this, it’s not. The experts indicated that the
movie folks can move and store their stuff even farther out. It’s the
e-commerce that is driving most of the activity. Amazon advertises “AMAZON PRIME NOW” not
“Amazon Prime whenever we can get it to you.”
Amazon and other e-commerce retailers know where development is likely
to happen. It behooves us to watch where the industrial sector is hot and
consider investment nearby (or investing in some industrial space).
If you are looking for industrial space for your use or for
investment, give us a call. We are always happy to help!
Mary Anne Walser is a licensed attorney and full-time REALTOR,
serving buyers and sellers in all areas of Metro Atlanta. Her knowledge of
residential & commercial real estate and her legal expertise allow her to offer great value
to her clients. Mary Anne is a member of the Atlanta Board of Realtors, the
Georgia Association of Realtors, the State Bar of Georgia and the Georgia
Association of Women Lawyers. Contact Mary Anne at 404-277-3527, or via email: maryannesellshomes@gmail.com.
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