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Atlanta BeltLine Boom | Q1 2023 Update

Maija Sunnarborg • 3/24/2023
ATL Beltline Boom

Originally designed to convert an old railroad corridor into a 22-mile pedestrian loop around the City of Atlanta, the BeltLine has transformed into a catalyst of real estate and economic change. The unprecedented growth within the past decade has impacted adjacent office, multifamily, and retail developments. In addition to the commercial impact, the trails seamlessly connect neighborhoods, promote healthy living, and provide streetscapes and greenspace along with public art and entertainment. By its completion in 2030, the BeltLine is expected to attract up to $10 billion in total economic development, 50,000 permanent jobs, and 5,600 affordable housing units.  

The Eastside and Westside Trails have seen substantial adaptive reuse projects that are shaping the micro-markets into the areas that they are today, while also boasting innovative new construction. Major corporations have claimed a presence in new BeltLine locations since the start of 2022 alone including Intuit (MailChimp), WPP Group, JTEC Energy, and Capital One. As demand remains high for office space, the Eastside and Westside Trails have yielded explosive rent growth, increasing 189% and 378% since 2012, respectively.  

Bolstering a live-work-play environment, the Eastside and Westside Trails offer highly amenitized areas with dining, shopping, and entertainment. In turn, the heavily trafficked corridors promote a high quality of life that has attracted an active multifamily pipeline. 

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