Friday, June 11, 2004

more office space

If you were looking to buy more industrial office space in North Georgia, and if you had called a real estate company and they sent a young agent out to your office to explain the current situation, that agent might have said something like this:
Your options for buy versus build in Alpharetta are simple: There ain't much industrial space left here in town. Everything new is going up in North Forsyth and Cherokee County.

There's one office park with some space left - down the road by the grocery store - but it's owned by this Chinaman who gives everybody a real hard time for building codes. He's got this company over on the mainland that makes parts for Lowes and Home Depot, makes them for pennies each, and now he has so much money that he just lives in China like an Emperor or something. All of his buildings have to be entirely brick, or at least three sides facing the street.... For an industrial park, it's just not filling up. And everything else here is built out and sold.
Mind you, this land we're talking about is at least 35 miles north of Atlanta. Sprawl, much?
 
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