Atlanta ranks 3rd in population growth in the U S population, Atlanta Metro is The Midtown and West Midtown caters to Millennials (who are the largest
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Atlanta ranks 3rd in population growth in the U S population, Atlanta Metro is The Midtown and West Midtown caters to Millennials (who are the largest
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ATLANTA & WEST MIDTOWN MARKET OVERVIEW
OVERVIEW OF TRENDS SHAPING THE ATLANTA MARKET
1I.Atlanta Market Overview
I.Population & Demographics
II.Market Facts & Trends
II.Midtown and West Midtown Market Overview
I.Population & Demographics
II.Market Facts & Trends
III.Star Metals Atlanta
TABLE OF CONTENTS
2 3ATLANTA MARKET OVERVIEW
45.9 MM
Current Population7%
Projected population
growth over the next 5 years $57,556Median Household Income15%
Projected increase in
Median Household Income
over the next 5 years Source: U.S Census Bureau, Esriforecasts for 2016 and 2021 5POPULATION & DEMOGRAPHIC TRENDS
Atlanta ranks 3rd in population growthin the U.S.
1/3 of the growth is attributed to domestic migration.
JLL graph
6POPULATION & DEMOGRAPHIC TRENDS
Since 2011, there have been over 413,000 jobs created in theAtlanta Metro Area.
7POPULATION & DEMOGRAPHIC TRENDS
$POMQPM LV RQ RI 86·V PRS UHORŃMPLRQ ŃLPLHV MQG OMV POH 3rdlargest concentration of Fortune 500 Companies in the U.S.JLL graph
Source: JLL Research -Atlanta Q4 2016
8POPULATION & DEMOGRAPHIC TRENDS
JLL graph
Source: JLL Research -Atlanta Q4 2016
9POPULATION & DEMOGRAPHIC TRENDS
Source: JLL Research -Atlanta Q4 2016
More and more companies continue torelocate to Atlanta thanks to its favorable cost of living, quality of education, tax benefits, and more. Companies currently eyeing Atlanta for their North AmericanHeadquarters include;
10POPULATION & DEMOGRAPHIC TRENDS
Population growth is driving employment growth
11POPULATION & DEMOGRAPHIC TRENDS
Atlanta employment distributed across industries
JLL graph
12JLL graph
Boasting a highly educated
population, Atlanta Metro is home to world renown educational institutions with apipeline for talent of275,000+
current graduate and undergraduate students across 66 colleges and universities. 13POPULATION & DEMOGRAPHIC TRENDS
7OH SHUŃHQPMJH RI POH ŃLP\·V ŃRUH ŃRQVPLPXHQP RRUNIRUŃH PORVH
aged 25-64 ROR OMYH M %MŃOHORU·V GHJUHH RU OLJOHU LV LQ H[ŃHVV of 50%. 14POPULATION & DEMOGRAPHIC TRENDS
Atlanta is ranked as
one of the top foodie cities in the U.S. 15POPULATION & DEMOGRAPHIC TRENDS
The average household spends over 40% of their total food expenditures on food away from home. This accounts for 5.6% of their total expenditures and accounts for over8.2 Billion in revenue. 7.5% 5.6% 31.0%6.4%3.1%
15.1% 7.7% 4.4% 1.1% 2.1% 11.0%5.0%Food at Home
Food Away from Home
Housing
Household Items &
OperationsApparel & Services
Travel + Transportation
Healthcare
Entertainment
Personal Care
Education
Pensions & Social
SecurityOther
16MIDTOWN & WEST MIDTOWN
MARKET OVERVIEW
Premier business location, center of innovation and talent and exceptional urban experience 17MIDTOWN ATLANTA
Midtown and West-midtown are a commercial and cultural hub located at the center of the Atlanta Metro region. 18MIDTOWN ATLANTA
The Midtown and West Midtown caters to Millennials (who are the largest segment of PRGM\·V workforce) live/work/play preferenceswith high-end apartments, an endless supply of food and beverage offerings, and ample entertainment³all within walking distance of public transportation. 19POPULATION & DEMOGRAPHIC TRENDS
7RGM\·V \RXQJ PMOHQP LV PXŃO PRUH ŃRQŃHUQHG RLPO M ŃLP\·V OLIHVP\OH
offerings than its job market. This shift in priorities has forced companies to follow the talent, investing millions in a new generation of office developmentMQG H[SMQVLRQ LQ POH ŃRXQPU\·V OHMGLQJ MQG VHŃRQGMU\ markets. Today, Midtown is one of Atlanta's major employment centers withRYHU D8 RI POH ŃLP\·V ÓRNVB
$87BAnnual Economic
Impact
81,000+
Daytime Workers28%
Increase in new jobs
forecasted over the next 10 years $61,000Median Household
Income with projected
13% increase in the
next 5 years 20POPULATION & DEMOGRAPHIC TRENDS
More than 13,000 technology companies calling Atlanta home with a large majority of them flocking to Midtown.Source: JLL Research -Atlanta Q4 2016
21POPULATION & DEMOGRAPHIC TRENDS
Recent Leases Signed in the Area
RSF: 62,467
RSF: 100,000
RSF: 67,960
RSF: 41,231
RSF: 34,078
RSF: 46,000
RSF: 240,500
226.1M+
People visit
Midtown each
year 3000+events take place in Midtown each year
Art & Cultural Institutions Include:
WoodrufArts Centre
High museum of Art
Atlanta Symphony Orchestra
Alliance Theatre
The Fox Theatre
SCAD Show Theatre
Museum of Design
Bremen museum
Center Stage
The Centre for Puppetry Arts
234,000+
Rooms in a variety of
luxury, boutique and historic hotels 24Located in the West Midtown District, Georgia Institute of Technology Campus, and its 1.4 million square foot Technology Square, leverages resources such as research, education, hospitality and retail for collaboration with Atlanta's growing tech companies. 25
GEORGIA INSTITUTE OF TECHNOLOGY
#1 FOR WOMEN ENGINEERSAWARDS MORE ENGINEERINGDEGREES TO
WOMENTHAN ANY OTHERSCHOOL
26Midtown is one of Atlanta's most coveted residential markets offering big city life with aneighborhood feel. Resident population is growing 5 times the city rate with 68% of the residents holding graduate degree or higher. 27
300,000+
Housing choices within a 3
mile radius of Midtown.8,000+
Residential units are
currently under construction within a 1.2 mile radius 28Spanning from the
southern tip of HowellMill Road to 17th Street
-West Midtown is centrally located minutes from downtown, Buckhead, and all of Atlanta's major highways and interstates, as well asGeorgia Tech.
´POH ORPPHVP QHLJONRUORRG LQ BBB PHPUR $POMQPMµ RLPO ´HMV\ MŃŃHVV PR PRS GLQLQJ MQG UHPMLO MV RHOO MV OLYH PXVLŃ YHQXHVBµ 29Once largely industrial,
West Midtown is now
one of the most vibrant communities in Atlanta with a selection of urban lofts, art galleries, live music venues, retail shops, restaurantsand modern office space. 30RETAIL MARKET FACTS & TRENDS
31RETAIL MARKET FACTS & TRENDS
32RETAIL MARKET FACTS & TRENDS
New restaurant concepts join a growing entertainment district in $POMQPM·V JHVPVLGH POMP LQŃOXGHV 7RS *ROI 0LGPRRQ %MŃŃOMQMOLM restaurant and breweries including Monday Night, Scofflaw, SecondSelf and Red Brick.
Holler & Dash Biscuit House, a fresh
new concept by Cracker Barrel OldCountry Store Inc. debuts in West
Midtown Atlanta as it targets the
millennial consumer.Brewed to Serve Restaurant Group,
Inc. will be opening its 4th concept,
The Bold Monk, a brewery, restaurant
and beer garden to be located in a12,000 square foot space in Third &
8UNMQ·V FRPSOH[ JHVP 0LGPRRQ
project.After participating in
Atlanta's Food & Wine
Festival for the past 5 years,
Florida based 4 Rivers
Smokehouse opens its first
Georgia location in West
Midtown Atlanta.
33Retailers in Midtown
and West Midtown account for over $540M+Annual Sales
STAR METALS ATLANTA has been designed from the ground up to meet the needs and demands of today's creatiǀe class, by creating a connected lifestyle that the smart and tech-savvyenjoy. Inspired by neighbors like Georgia Institute of Technology and Internet icons like Google and Facebook, our cutting-edge technology permeates every aspect of our development.185,000 RSF
CLASS A OFFICE46,000 RSF
PRIME RETAIL409UNIT
LUXURY RESIDENCES
34STAR METALS ATLANTA
/ OFFICES / / RESIDENCES/ 35STAR METALS ATLANTA
36STAR METALS OFFICES RETAIL
37STAR METALS OFFICES RETAIL
38STAR METALS OFFICES ROOFTOP RESTAURANT/TERRACE
39STAR METALS RESIDENCES RETAIL
40STAR METALS RESIDENCES RETAIL
THANK YOU
Natalia East
Associate, Brokerage Services
p. (305) 476-2613 natalia@allenmorris.comThe Allen Morris Licensed Broker and Coldwell Banker Advisors obtained this information contained within sources we believe to be reliable. However we have not
verified its accuracy and make no guarantee, warranty or representation about it, It is submitted subject to the possibility of errors, omissions, change of price, rental
and other conditions, prior sale, lease or financing or withdrawal without notice. We include projections, assumptions or estimates for example only, an they may not
represent current or future performance of property. You and your tax advisors should conduct your own investigation of the property and transaction.
Thad Adams
Sr. Vice President
p. (305) 476-2532 tadams@allenmorris.com 41quotesdbs_dbs14.pdfusesText_20