Atlanta Urban Office Districts Shine, Downtown Leads Net Absorption, Suburban Districts Lag

[cqholt]

Originally Posted by Mutiny77

But Cobb and Gwinnett are core counties and backed out of the initial plan to be included in the MARTA service area.

Cobb never even put it to a referendum.

[bu2]

Originally Posted by fourthwarden

For now, and we'll see what the future holds. There's lots of room for growth and expansion on the southside, while being close to the core city, not to mention future high-capacity transit. The Gulch plan has 9 Msqft. of new office space, which alone would push Downtown well past the 3.7 Msqft. gap between it and Perimeter. Then add in the Underground redevelopment, and other projects that are sure to be attracted.

Then you can start looking at new TODs along the BeltLine, and in Summerhill, and so on, and I'm not so sure the ECoG is going to stay so far north.

Edit: Also worth considering is just how much of Downtown Atlanta's office space isn't considered market. How much space is there that's controlled by the Federal or the State or the County or the City governments? A good chunk of these aren't likely to show up in market reports because they aren't generally on the market at all, that is, unless I'm misunderstanding the reports' methodologies.

Yes. The amount that is state government, Georgia State and Georgia Tech is not clear.

[bu2]

Originally Posted by cqholt

Atlanta is not Dallas or Houston so comparing the city limits are pointless. Atlanta is very much a polynodal employment metro, ARC planned it this way, but those major employment center should be connected to each other via high capacity transit lines.

Agree. Its a major flaw in the system.

[Mutiny77]

Originally Posted by bu2

Yes. The amount that is state government, Georgia State and Georgia Tech is not clear.

They aren't included in these reports at all because they aren't leasable commercial office properties.

[JMatl]

Originally Posted by Mutiny77

They aren't included in these reports at all because they aren't leasable commercial office properties.

Exactly. Owner occupied buildings like Coke HQ's aren't counted either.

This is a big pet peeve of mine, in that it really diminishes the true size of Downtown.

[J2rescue]

Another one for Midtown

Google close to major Atlanta expansion

Google will add at least 500 jobs in Atlanta, and that may be conservative, according to sources familiar with the plans. It’s not been officially disclosed but has been talked about in the city’s real estate circles for weeks.

Midtown has been a center of gravity for much of the city’s employment growth. Since 2015, companies, such as Pandora and NCR Corp., have added more than 20,000 jobs in just a one-mile area of the neighborhood.