Move over, apartment towers.
As evidenced by the seemingly interminable crane activity throughout Midtown, Atlanta’s office development game is hot.
A new report published by CoStar, which describes Midtown as virtually “One Big Construction Zone,” lends context as to just how ubiquitous the subdistrict’s office development is right now.
With a record 2.8 million square feet of ongoing construction, Midtown is now one of the most active office construction zones in the country, according to CoStar Market Analytics.
That means the district has leapfrogged the previous peak it set before the dot-com bubble burst in 2000.
It also means Midtown can claim the most ongoing office construction in the Southeast, and the fourth most in the country, trumped only by New York City’s colossal Hudson Yards project, the West Loop in Chicago, and North Brooklyn, respectively.
CoStar nodded to projects like the 230,000-square-foot T3 West Midtown, the 520,000-square-foot Atlantic Yards, and Norfolk Southern’s 750,000-square-foot headquarters development as hefty forces that helped put Midtown high in the rankings.
There’s also Portman Holdings’s three office towers—the Coda computing center and two towers for healthcare company Anthem—on the rapidly evolving West Peachtree Street.
Elsewhere, North American Properties is developing a new, roughly 136,000-square-foot office building at Colony Square, in addition to Whole Foods’s future headquarters building.
Selig Enterprises just launched construction on a 664,000-square-foot office tower slated for a spring 2021 delivery, per CoStar.
And the list goes on.