Total employment is expected to grow by 2.2% by the end of the year, with the addition of 53,000 jobs. Office-using employment is expected to gain 16,000 jobs by year's end, reflecting a 2.6% increase over 2006, according to a Marcus & Millichap Q2 office market 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 total population of 5.1 million, according to a Grubb & Ellis Q2 office market report.
"Demand for office properties by out-of-state and institutional investors will remain steady through the remainder of 2007, driven by modest revenue growth," says Marcus & Millichap Atlanta office regional manager John Leonard.
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