Midtown and Buckhead Offer Good Investment Opportunities, Survey Finds

ATLANTA-And we all thought New York was the only city that never sleeps. Apparently 24-hour cities are the place to be for the many flocking back to intown living and for real estate investors. In its sixth annual report, Emerging Trends in Real Estate 2001, Lend Lease and PricewaterhouseCooper rate leading U.S. cities for commercial property investment.

The study rates 24-hour city San Francisco tops, followed closely by New York and Boston, with Los Angeles and Washington, DC on their heels. Atlanta, which ranks 12th, is one of the 9-to-5 cities in the same category with Phoenix, Philadelphia, Dallas and Detroit.

Investors do well in Atlanta, the study notes, but view the market as more risky than a 24-hour city, where demand often outstrips supply. Twenty-four-hour cities with an exciting center city combination of residential, business, capital, entertainment and shopping head the list.