Updated about 3 years ago on . Most recent reply
Pepsi making a big move in Stone Mountain!
During our meeting, we saw an article that PepsiCo Beverages have officially break ground on $260 million Dekalb County manufacturing facility. According to WhatNow Atlanta is that this facility will become one of the largest in the company's portfolio. This is huge for Atlanta REI. I personally have my investor clients blowing me up telling me to let them know when we get a deal in this area. When big companies like this make a move to a certain area. How soon do you try to buy properties and how far out would you buy from this Pepsi facility?
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Wow. I knew cost of living arbitrage was a huge factor in homeowner migrating to Atlanta, but it's encouraging to see an exponential growth in industry coming here, too. Housing price increases are much more justifiable if it's supported by growth in industry.
How soon to buy in the area? Ideally, 10 years ago. Since, that's impossible, I say get in today. Once the jobs are here and people are relocating, it's too late. The markets are highly efficient, so once the certainty and tangibility of the facility are there, buyer's psychology will kick in and drive demand, but it will likely be too late for most investors.
Good article!