Why Atlanta's Cumberland Submarket Has A Lot to Offer
When the Atlanta Braves decided to move the stadium to the Cumberland area, traffic was top of mind, leaving residents weary of how the development may impact the area. However, multiple efforts were put in place to improve the traffic problem, and Cumberland continues to find ways to upgrade experiences for working professionals. Below are three ways the Cumberland submarket has – and will continue– to have a lot to offer.
1) Traffic actually improved with the move of the Braves Stadium.
It’s no surprise that traffic is one of the first things on Atlanta residents’ minds when they hear about a new development in the works. But let’s face it: traffic impacts everything – from how long it takes us to get to work to how long it’ll take us to meet our families at home.
While traffic may have been the biggest concern in the area when the conversations began about a new stadium, progress has been made with infrastructural improvements like the Express Lanes and the Cobb Cloverleaf.
2) SunTrust Park and the Battery are rapidly improving economic development.
At the northwest corner of I-285 and I-75, SunTrust Park is centrally located to the Atlanta Braves ticket holders. Bringing not only the baseball team, but a slew of restaurants, apartment complexes, entertainment areas and parking options that came with this multi-million dollar investment made the Cumberland area a highly sought-after destination for Atlanta residents and visitors than ever before.
Surrounding SunTrust Park, the adjoining mixed-use community of apartments and retail spaces are desirable to office tenants seeking space in the submarket.
With above-average vacancies, the submarket is projected to win major corporate relocations and expansions. Currently, The Home Depot, Genuine Parts and Comcast are some of the largest tenants in the submarket. Still, demand for space near the ballpark is growing, with a large part of this contributed from the multi-use bridge that spans I-285, linking the Battery and SunTrust Park to the Cobb Galleria Centre, easing traffic congestion.
3) Galleria Office Park will rapidly transform under new single ownership.
Recently, Piedmont Office Trust announced its $231 million deal to acquire the last two towers in the Galleria Office Park, and more than 10 acres of undeveloped land. The result? More vacancy for potential office tenants, proximity to the Battery – a year-round entertainment district – which is just a 15-minute walk from the Galleria. With multiple considerations for this development in place, including housing and public gathering spaces, improvements to the Galleria will only make the Cumberland submarket an even more attractive area.
From traffic improvements to economic development, multiple efforts are in the works to create a more inviting, exciting experience for the Cumberland submarket.