
Report: Cumberland is Hottest Atlanta CRE Market
Cushman & Wakefield has released, “Cumberland Growth In Full Swing” a report highlighting southeastern Cobb County’s commercial real estate activities. Nearly 20 percent of all new office leases in 2022 in the metro Atlanta area were for space in Cumberland.
Since the Atlanta Braves moved to Truist Park in 2017, The Battery development surrounding the baseball stadium has grown into a vibrant 2.3-million-square-foot mixed use destination. The report noted the Battery has seen more than $1 billion of private investment, with $700 million more coming over the next two years. Currently 15 buildings totaling 4.5 million square feet are planned or under construction in Cumberland.
Truist Financial Corporation plans to base more than 1,000 jobs in a 250,000-square-foot building currently under construction next to the stadium. Alongside the office activity, nearly 625,000 square feet of more retail space and thousands of apartments are planned.
- ◦Development