Snapshots

Offices within close proximity to MARTA stations outperform the market, despite declining ridership

Transit-oriented buildings have demonstrated a consistent lead in terms of asking rates

June 04, 2019
  • Transit-oriented buildings have demonstrated a consistent lead in terms of asking rates. Since the beginning of 2015, asking rents in buildings with close proximity to MARTA have increased by 30.6 percent
  • Occupancy has been fairly similar between the two asset groups, with buildings closer to MARTA having higher occupancy since early 2018. 
  • Companies tend to place a high importance on proximity to public transportation,  giving their employees options for commuting to and from work. 
  • Despite this, MARTA Ridership has been declining for years. Since 2017, average total ridership declined 5.1 percent.
  • As Atlanta’s population continues to grow, businesses and leaders are looking for solutions for parking and public transit to help Atlanta remain attractive to talent

Source: JLL Research, US Dept. of Health and Humans Services

Like what you read?

You may also like