Atlanta, a Sunbelt metro traditionally reliant on cars, is now joining the walkability movement according to the 2023 Foot Traffic Ahead report published by Smart Growth America. The city is revitalizing its early 20th century urban neighborhoods - which were originally walkable but lost that characteristic over time - with new commercial amenities making these areas walkable again.
Atlanta is uniquely leveraging its existing 1970s MARTA rail transit system and building walkable neighborhoods around it. The BeltLine, a multi-purpose trail, is another key example of Atlanta's efforts to create a more walkable city. This shift is driven by a growing recognition of the benefits that come with pedestrian-friendly neighborhoods, including enhanced community vibrancy, improved quality of life, and yes– increased economic value for real estate investors.
One neighborhood leading Atlanta's walkability transformation is Westside Atlanta. Historically industrial, this area is being revitalized with an emphasis on mixed-use development and the creation of inviting public spaces. Key to Westside's increasing walkability is the iconic Atlanta BeltLine. This former railway corridor encircles the city and is rapidly evolving into a multi-use trail network lined with parks, restaurants, and shops. The BeltLine has become a catalyst for development, connecting Westside Atlanta neighborhoods and creating a pedestrian haven in the heart of the city.
Another vital amenity supporting Westside Atlanta's walkability is the expansion of the city's MARTA rail and bus system. With more public transit stations in the area, residents and visitors have convenient, car-free options for commuting and exploring the neighborhood. New bike lanes and pedestrian infrastructure on key streets are further improving transportation choices.
The results of these efforts are undeniable: Westside neighborhoods with greater walkability are commanding significant rent premiums over comparable areas that maintain a car-centric design. This is in line with national trends, reflecting increased demand for urban living experiences where daily errands, entertainment, and work can be reached without relying on an automobile.
Investors should closely consider this trend when evaluating commercial and residential properties in Atlanta. Walkability is no longer a niche concept; it's a driving factor in market values. Neighborhoods like those found in Westside Atlanta, which prioritize pedestrian-friendly amenities and design, are well-positioned for continued growth and appreciation in the years to come.
As Atlanta continues to develop a more walkable cityscape, the value proposition for real estate in these areas only becomes stronger. By recognizing the growing importance of walkability, real estate professionals can make informed decisions to capitalize on this transformative shift in the city's urban landscape.
Explore this page to analyze how walkability affects rental rates in Atlanta.