Total employment is expected to grow by 2.2% by the end of theyear, with the addition of 53,000 jobs. Office-using employment isexpected to gain 16,000 jobs by year's end, reflecting a 2.6%increase over 2006, according to a Marcus & Millichap Q2 officemarket research report.

With 890,000 new residents coming to Atlanta during 2000-2006,the city is ranked as the nation's top growing metropolitan area.The city is the country's ninth largest metro area with a totalpopulation of 5.1 million, according to a Grubb & Ellis Q2office market report.

"Demand for office properties by out-of-state and institutionalinvestors will remain steady through the remainder of 2007, drivenby modest revenue growth," says Marcus & Millichap Atlantaoffice regional manager John Leonard.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.