Since the first section of Atlanta’s BeltLine opened nearly a decade ago in the Old Fourth Ward, typical rent prices along the trail loop have snowballed, and don’t always leave an inclusive door open for small, local business owners. A decade ago, folks paid an average of $895 a month. Today, the rent averages $2,200 a month.
While the BeltLine has majorly influenced residential rent prices, little attention has focused on commercial rents.
They’re going up, too— and quickly. Atlanta BeltLine Inc. officials told WABE to help preserve affordable commercial spaces, they’ve developed a business incubator program. CEO and president Clyde Higgs said this ‘Atlanta BeltLine MarketPlace’ could shave a business owner’s costs by up to 50%.
In April, officials announced the BeltLine was making room for more affordable commercial spaces along its Eastside and Westside trails specifically for minority, women and Black-owned businesses.
Out of more than 200 applicants, six businesses have finally been selected to star in this new incubator program.
