Atlanta Investment Property

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If you’re hoping to invest around Atlanta, check these areas out.

Posted on 17-03-10, under Popular Atlanta Areas.

Atlanta is consistently ranked as one of the best places to do business in the U.S., and more than 750 of Fortune’s Top 1,000 businesses have offices there. The Atlanta airport (Hartsfield) is usually ranked as the world’s busiest, and its airport code, ATL, has become the city’s nickname among locals.

Downtown is also home to Atlanta’s professional sports, including Atlanta Hawks basketball and Thrashers hockey, which can both be experienced at the Philips Arena. The downtown skyline is dominated by major hotels and office buildings including the headquarters of The Coca-Cola Co. Downtown/Midtown and major shopping districts such as Buckhead can also get crowded on weekends. Most restaurants and shops in the area offer complimentary or low-cost valet services ($1-3 tip expected) and on the rare occasion where parking is scarce, public lots are usually found nearby for a fee.

Midtown is the heart of the arts with the High Museum, Alliance Theatre and Fox Theatre, plus dining and nightlife that’s all the rage. Midtown Atlanta has all these things–and much more. Midtown contains Piedmont Park which hosts many festivals and cultural events. Little Five Points is known for its eclectic shops and merchandise, and its range of cultural people who line the street. Midtown is known by many residents as the “Heart of the Arts”. The High is currently collaborating with the Louvre to house a temporary collection of masterpieces from the famous Paris museum.

Midtown is on the way to becoming a walking neighborhood but with the amount of newly constructed hi-rise buildings that are so similar to one another it is becoming more difficult to gain instant equity. It is suggested that if you buy in Midtown you better hold onto that property for at least 5 years until the building of new condo hi-rises slow down.

East Cobb is a vibrant residential and commercial community. The communities within East Cobb are affluent and the residents are well educated. East Atlanta is one of in-town’s hottest real estate markets and was called “the best kept secret in Atlanta.” Featuring Victorians, craftsman’s, post-war homes, and new construction, it is only about three miles from Downtown Atlanta (on 1-20).

Decatur was incorporated in 1822, making this the oldest city in DeKalb County. Older brick homes, smaller bungalows and cottage homes are abundant types of Real Estate available in the Decatur area. Decatur has been one of metro Atlanta’s most popular cities for years, appealing to both traditional families and bohemian singles, and it’s easy to see why. Downtown Decatur is surrounded by beautiful, historic neighborhoods reflecting a variety of architectural styles. The tree-lined streets, strong sense of community and nationally recognized public school system continue to draw young families to this part of the city.

On the downside, Atlanta and Georgia continue to rank amongst the worst cities and states with foreclosure problems. Decades of neighborhood revitalization has been washed away with the events of the past year. Atlanta is now experiencing exponential growth as new residents flock from sprawling suburbs to urban properties in midtown Atlanta which is a sign of hope, but recovery will take some time.

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