A Bright Future in Atlanta

An In-Depth Look at Atlanta, One of the Fastest Growing Economies in the Southeast

In recent years, Atlanta has established itself as one of the most up-and-coming cities on the Eastern Seaboard. The city has become known as a popular, cost-friendly destination for young professionals and has established a unique cultural imprint across various entertainment platforms such as film, television and music.. This has resulted in impressive and steady population growth that has proved attractive to firms who see the opportunity presented by the confluence of a young, upwardly mobile workforce and competitive rent and tax rates.

Thanks to this renewed interest in the area, office real estate in Atlanta is in high demand. While the city’s real estate market has always been strong, the current excitement suggests its office market is quickly gaining momentum as the sector begins a rapid rebound in the wake of the pandemic.

The following insights from CP Group can serve as a useful guide to Atlanta’s current office leasing climate, its enduring cultural appeal, and growing real estate market, and also provide vital information for those seeking available office space in the surrounding area.

Quick Statistics on Atlanta

14.8%

Atlanta’s population growth since 2010, which ranks seventh in the nation among metro areas with the highest net migration

2.4M

The projected population growth in Atlanta and the surrounding metro area over the next 30 years.

3^rd

Atlanta's population growth ranks third in the nation, trailing only Houston and Dallas-Fort Worth.

Miami

The city attracted a steady flow of residents from other major metro areas, with more than new arrivals hailing from Miami than any other market.

Atlanta Market Overview

Georgia has been rated as the top state for doing business seven years in a row, making it a highly attractive location for businesses to relocate their operations.

Atlanta serves as a center of business activity for the Southeast region, and companies such as Home Depot, Delta Airlines, The Coca-Cola Company, Aflac, and United Parcel Service (UPS) all maintain their headquarters in the city. With the third-highest population growth among high-growth and gateway markets across the country, Atlanta is an attractive destination for any company looking to relocate their headquarters to a business-friendly environment.

One of the Largest Economies in the Southeast

The Atlanta metro area is the largest urban economy in the Southeast and boasts similarly impressive demographic indicators, including: a low median age of 36.7, a low unemployment rate of 3.9%, and a median household income higher than national average at $71,224 per year. These factors have had a consistently positive impact on the area’s economy, which has grown at a steady pace of 3.8% annually since 2010 and supported an average job growth rate of 2.8%.

Atlanta’s business community is both vast and diverse, with the city playing host to a growing international business community that includes multiple Fortune 500 and Fortune 1000 companies. In 2021 alone, seven large corporations have moved their headquarters to Atlanta including Airbnb, Minute Maid, and Adecco. Atlanta is home to more than 150,000 businesses – supported by the strong backbone of a home-grown entrepreneurial community. Keep reading to learn more about what draws these businesses to Atlanta.

The Office Leasing Market in Atlanta

Atlanta’s strong economy has led to exponential growth in its office market. Over 23 million square feet of office space will have been added to Atlanta’s real estate market between the end of the Great Recession and 2023. Despite the slowdown from the COVID-19 pandemic, the Atlanta market is still on pace to achieve a five-year growth rate in excess of 20%. Class A and trophy properties demonstrated a 20.1% growth between 2016 and 2021. Read the latest updates from CP Group on the expanding Atlanta market.

Opportunities in Atlanta

With immediate access to one of the largest airport hubs in the nation at Hartsfield-Jackson International Airport, a rapidly growing population under 40, and a culture that is rapidly embracing diversity, community, and change, Atlanta and its surrounding areas offer an ideal location for businesses looking to relocate. Explore some of the properties owned and managed by CP Group to inquire about available office space in the Atlanta area.