subject: Office Space In Atlanta [print this page] The city of Atlanta is the capital of GeorgiaThe city of Atlanta is the capital of Georgia. Ranked as the 33rd largest city in the US, it's also home to the ninth largest metropolitan area in the country.
The Atlanta area has seen extreme growth in the past few years; the city has added over one million residents over an 8 year time frame. The city of Atlanta is known as a top business city and transportation center. Office space in Atlanta is home to the headquarters of Delta Air Lines, AT&T Mobility and The Coca-Cola Company.
Atlanta's technology area received a jump partly thanks to companies like NCR, FirstData and Sony Ericcson all moving their corporate headquarters to the metro area, generating over 2,000 jobs. Atlanta office space is home to the headquarters of many other major companies in and around the metro area including EarthLink, Gentiva Health Services, Equifax, Georgia-Pacific, Arby's, Oxford Industries, Chick-fil-A, RaceTrac Petroleum, Southern Company, SunTrust Banks, Mirant, and Waffle House. The city of Atlanta is home to the country's 4th largest combination of Fortune 500 companies inside city limits.
Office space in Atlanta has seen a lot more leasing movement, with a lot more deals being worked on. The number of companies moving in has exceeded the move-outs, with total occupancy increasing by thousands. Office space in Atlanta is still readily available. And, now is the perfect time to plan for the future as the big office space market areas are all pushing a twenty percent vacancy. In addition, landlords are more accommodating; they are open to negotiate deals in order to get their vacancy rates down. Corporate profits are on the rise, and companies are starting to take advantage of beneficial market conditions to see both short- and long-term cost interests.
Many can see that the road to recovery will be a process, a slow one. Atlanta office space is in that same category going forward. Growth in Atlanta has always been strong in region compared to the rest of the country. Looking at many aspects in the future including; job growth, leasing activity and spotty industry growth, consumption of office space in Atlanta is likely to be down again.
