office market - atlantadowntown.comclass a occupancy rate $13.63 $18.31 $18.35 $16.78 $0 $5 $10 $15...
TRANSCRIPT
OFFICE MARKETTHE SELECTION YOU WANT, THE PRICE YOU NEED.
Whether you’re on the hunt for Class A or Class B office space, the Downtown office market offers the best values in the
region. And you’ll enjoy a wide selection: Downtown Atlanta is home to the largest inventory of office space of
all the urban markets.
Metro Comparison of Class A Office Space
Metro Comparison of Class B Office Space
Source: Jones Lang LaSalle, Office Statistics Year-End 2011
$19.57
$25.10 $27.28
$22.06
$0
$5
$10
$15
$20
$25
$30
Downtown Buckhead Midtown Metro
Class A Rental Rates
78%
80.7%
76.4%
79.7%
74%75%76%77%78%79%80%81%82%
Downtown Buckhead Midtown Metro
Class A Occupancy Rate
$13.63
$18.31 $18.35 $16.78
$0
$5
$10
$15
$20
Downtown Buckhead Midtown Metro
Class B Rental Rates
71.7%
74.2%
68.8%
75.9%
64%66%68%70%72%74%76%78%
Downtown Buckhead Midtown Metro
Class B Occupancy Rate
Central Atlanta Progress | atlantadowntown.com
Downtown Atlanta is projected to experience 5.1 million square feet of absorption and
add approximately 4.4 million square feet of new office space by 2030.
Projected Office Absorption, 2011 - 2030
OFFICE MARKET
Downtown Atlanta has the largest inventory of office space of all the urban markets with
16,241,983 square feet
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
Squa
re F
eet
Office SF
Current Pipeline
Demand 2021-2030
Demand 2011-2020
Pipeline & Projected Demand Demand is being driven by -
- Excellent Access to transportation network - Proximity to restaurants & amenities - Home to top research institutions - Young, talented workforce - Established location - Streetcar
The Streetcar is projected to increase Down-town’s capture of office demand over other submarkets in the region.
01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,000
Squa
re F
eet
Source: RCLCO, Downtown Development Forecast, June 2011
“Cooper Carry moved its Atlanta offices to 191 Peachtree after 26 years in the same Buckhead building. The change in enviornment has brought vigor and re-newed enthusiasm to our employees who enjoy the many lunchtime restaurants and shopping opportunities just steps away. Before the move, we had over 100 employees who drove alone evey day to and from the office. Today, of our 100 employees, fewer than 30 drive to work. All others take transit, walk or bicycle, and they love the change to a lifestyle that supports greater environmental sustainability.”
- Kevin R. Cantley, AIA President and CEO, Cooper Carry
Source: Jones Lang LaSalle, Office Statistics Year-End 2011
Source: RCLCO, Downtown Development Forecast,
June 2011
Central Atlanta Progress | atlantadowntown.com
of Downtown’s office square footage is Green-Rated
Launched in November 2011, the Atlanta BBC is a joint initiative of
Central Atlanta Progress (CAP) and the City of Atlanta. The program
is part of the City’s Power to Change effort aimed at making Atlanta
more sustainable by improving “green” programs and policies such as
water and energy conservation, reducing solid waste and carbon emis-
sions, and improving recycling rates.
A move Downtown is a move toward a more sustainable Atlanta.
OFFICE MARKET
49 million square feet of Downtown real estate has taken the challenge.
Better Buildings Challenge, City Comparison
0
10
20
30
40
50
Atlanta Cleveland Pittsburgh Chicago Denver Houston Los Angeles Seattle Sacramento
Squa
re F
eet
(in
mill
ions
)
Total SF Committed
15 million square feet of Downtown office space has taken the challenge.
17%Participating Downtown Office Buildings
55 Allen Plaza330 Marietta StreetEpsten Group Campus - The EdgeTurner Building - Luckie StreetGeorgia Power HQGeorgia Pacific CenterCoca-Cola North Avenue TowerCentennial Tower100 Peachtree Street260/270 PeachtreePeachtree CenterMarquis One & Two
SunTrust PlazaSunTrust Plaza - Garden OfficesAtlanta Housing AuthorityAtlanta City Hall American Cancer Society CenterEnglish Avenue YardsThe Walton BuildingMetro Atlanta Chamber of CommerceGSA - Sam Nunn AFCGSA - Richard B. Russell FBBank of America Plaza
INVESTMENT & INCENTIVESTHE MOMENTUM JUST KEEPS BUILDING.
Downtown has seen more than $2.9 billion in investments since 2007, plus an additional $182 million in public
investments toward its infrastructure. And that’s not all: $2.1 billion in proposals are currently on the table. Gener-
ous incentives, coupled with the allure of living and working in an urban environment, have made the area one of the most
prosperous in the city. Consider this: even though Downtown only comprises 3 percent of the city’s land, it generates
11 percent of its overall sales tax revenue.
Downtown Private Investment, 2007 - 2012
2007 2008 2009 2010 2011 2012 TotalHousing Units 257 404 489 1,236 348 564 3,298
Student Beds 2,000 - 325 145 900 - 3,370
Hotel Rooms 127 242 121 - 506 - 996
Office Space (SF) 334,970 295,000 165,000 - 29,000 238,000 1,061,970
Retail Space (SF) 89,779 206,843 102,176 42,900 21,526 110,500 573,724
Institutional Space (SF) 116,000 125,648 16,500 347,000 17,000 900 623,048
Total Investment(in millions)
$583.4 $727.3 $477.5 $433.5 $395.7 $304.2 $2,921.6
Since 2007, there has been a total of $182 million in public capital invested Downtown.
Source: CAP
INVESTMENT & INCENTIVES
Key Investments Since 2007
Incentives
• Opportunity Zone Job Tax Credits: $3,500 per job
• Tax Exempt Bond Financing from Urban Residential Finance Authority: for affordable housing development with a mix of market-rate
• Eastside TAD: helped to raise assessed value of property in the TAD from $300 million in 2003 to $656 million in 2010
• Westside TAD: helped to raise assessed value of property in the TAD from $271 million in 1998 to $773 million in 2010
• Business Improvement Loan Fund
• The Phoenix Fund: helps small- and medium-sized businesses with affordable loans up to $100,000
• Atlanta Neighborhood Development Partnership Pro-grams and Loan Funds: for predevelopment, construc-tion and bridge land acquisition to spur affordable mixed-income housing
• Historic Rehabilitation Incentives
$271
$773
1998 2010
Mill
ions
of $
Central Atlanta Progress | atlantadowntown.com
$300
$656
2003 2010
Mill
ions
of $
Total Assessed Value
118%increase
185%increase
Source: Invest Atlanta
$168
$150
$131
$128
$105
$96.50
$0 $20 $40 $60 $80 $100 $120 $140 $160 $180
W Atlanta Downtown Hotel
Parker H. Petit Science Center
AmericasMart
Twelve Centennial
Alexan 360
The World of Coca Cola Museum
Total Investment in Millions
PEOPLE & PLACESWHERE ATLANTA’S LOT LIVES AND WORKS.
With 9,300 people per square mile, Downtown is Atlanta’s densest urban submarket. It also has the most jobs,
welcoming 118,000 workers every day. The median age of Downtown residents is 30.2, and family incomes in the
area have grown almost 50 percent in the last decade. That’s not the only thing that’s growing: Downtown’s neighbor-
hoods have increased by 18 percent in the last 10 years.
Downtown Population
StudentsGeorgia State University
Georgia Tech
Clark Atlanta University
Morehouse College
Spelman College
EmploymentDaytime Office Workers
Annual AttendanceConventions
Sporting Events
Concerts & Shows
Downtown Attractions
Downtown Residents
Downtown & Adjacent Census TractsDowntown & Adjacent Neighborhoods
1.7 Million
4.8 Million
2.6 Million
13 Million
118,000
32,000
21,000
4,000
3,000
2,170
23,202
82,057
157,175
Source: U.S. Census, ARCHE, Georgia Power, ACVB
3
3
236
237
154
154
154
8
42
42
10
13
23
78
278
41
41
285
85
85
75
20
20
75
Rock Springs Rd
Defoor Ferry Rd
Moores Mill Rd
Ridg
ewo o
d Rd
Lindbergh Dr
Clifton Rd
Flat Shoals Ave
Bouldercrest Rd
Constitution Rd
Browns Mill
Rd
Cleveland Ave
Sylv
an R
dAs
hby
Ashb
y St
Simpson St
Washington Rd
Headland Rd
Sem
es S
t
Campbellton Rd
Boul
evar
d
McDonough Bl
Hollywood Rd
Perry Rd
Marietta St
Howell Mill Rd
Pied
mon
t Ave
Mon
roe
Dr
B ankhead Hwy
North Ave
Nort
hsid
e Dr
Peac
htre
e Rd
Stew
art A
ve
Lee
St
Jonesboro Rd
Mor
elan
d Av
eBr
iarcli
� Rd
Ponce de Leon Ave
Dekalb Ave
Decatur St
Scott B
l
Clairmont Rd
Piedmont Rd
Marietta Bl
Briarcli�
Rd
Freedom Pkwy
Peac
htree
Stre
et
Memorial Dr
Glenwood Ave
Martin Luther King Jr Dr
Abernathy Blvd
PIEDMONTPARK
MADDOXPARK
WHITEPARK
LAKEWOODPARK
SOUTHBENDPARK
EMORYUNIVERSITY
GEORGIATECH
FORTMC PHERSON
EASTPOINT
DRUIDHILLS
VIRGINIAHIGHLAND
CENTERHILL
MECHANICSVILLE
ENGLISHAVENUE
OLD FOURTH WARD
CABBAGETOWN
GRANT PARK
Downtown & Adjacent Neighborhoods
Downtown AtlantaDowntown & Adjacent Census Tracts
Downtown Downtown & Adjacent Census TractsDowntown & Adjacent Neighborhoods
010,00020,00030,00040,00050,00060,00070,00080,00090,000
Downtown Adjacent CensusTracts
Downtown +Adjacent Census
Tracts
Population (2000)
Population (2010)
Downtown family income grew approximately 48% over the last decade.
1990 2000 2005 2006 2007 2009 2011$20,066 $32,204 $45,914 $45,000 $37,884 $44,000 $47,088
Average Family Income in Downtown Atlanta
Average Household Income
Within 1 mile of Downtown $36,834Within 3 mile of Downtown $52,267Within 5 mile of Downtown $57,382
Central Atlanta Progress | atlantadowntown.com
PEOPLE & PLACES
Population Growth
Household Growth
“Since 2000, neighborhoods within three miles of Downtown Atlanta have seen a 61 percent surge in residents aged 25 to 34 who have at least a four-year degree, according to U.S. Census figures. That’s almost 10,000 new patrons for everything from apartment and condo developments to restaurants and bars to computer and cell phone vendors. The same thing has happened in dozens of other cities, but the movement is twice as robust in Atlanta as it is nationwide.” –Atlanta Journal-Constitution, May 2011
30.2 is the average age of a Downtown resident.
Source: U.S. Census
Source: U.S. Census
05,000
10,00015,00020,00025,00030,00035,00040,00045,000
Downtown AdjacentCensus Tracts
Downtown +Adjacent
Census Tracts
Housing Units (2000)
Housing Unit (2010)
Source: U.S. Census
RETAIL & SPENDINGAN UNTAPPED SPENDING MARKET.
Downtown is projected to add significant retail demand over the next 20 years that could amount to 725,000 square
feet of absorption. Who’s driving the demand? Young people (the median age of a Downtown resident is 30.2) with
higher incomes who choose to live Downtown so they can walk to dinner, shops and attractions. They’re joined by a
booming student population—Downtown is home to 53 percent of the city’s college-goers. Take these desirable de-
mographics, add an additional 22,000 daytime workers by 2030, and you have an area that’s ripe for retail growth.
Downtown spending generates $23,007,000 in sales tax revenue. This means that even though
Downtown has 4% of the city’s population, it generates 8% of its sales tax revenue.
Downtown Spending by Category
Downtown Spending by Group
Category Dollar AmountRestaurants/Bars $374,200,000
Apparel/Accessories $65,566,000Motor Vehicles/ Parts $54,483,000General Merchandise $44,294,222Other $160,557,000Total $699,100,222
Group % of Total SpendingConventioneers 21%Tourists 13%Households 20%Students 12%Employees 34%
21%
13%
20%12%
34%Conventioneers
Tourists
Households
Students
Employees
54%
9%
8%
6%
23%Restaurants/Bars
Apparel/Accessories
Motor Vehicles/Parts GeneralMerchandise Other
Source: RCLCO, Downtown Development Forecast, June 2011
Central Atlanta Progress | atlantadowntown.com
RETAIL & SPENDING
People Live Downtown
62,170People Work Downtown
13 Million
Average Household Income
Within 1 mile $36,834Within 3 miles $52,267Within 5 miles $57,382
Number of Household
Within 1 mile $36,834Within 3 miles $52,267Within 5 miles $57,382
Downtown is projected to add significant retail de-
mand over the next 20 years that could amount to
725,000 square feet of absorption.
• 415,000 SF of new retail space
• Highly anticipated streetcar is projected to con-tribute 32,000 SF of demand to the total
• New households with higher incomes will be the primary source of demand for new retail.
• 22,000 additional daytime workers by 2030 and steady growth in tourism and convention visits will also contribute to retail demand.
Estimated Sources of Demand for Projected Retail Growth, 2011 - 2030
65%
25%
10%Households
Employees
Visitors/Tourists
23,202People Study Downtown
118,000People Play Downtown
Source: U.S. Census, CoStar
Source: RCLCO, Downtown Development Forecast, June 2011
30.2 is the average age of a Downtown resident
Central Atlanta Progress | atlantadowntown.com
RETAIL & SPENDING
Employee Spending
Retail spending by Down-town employees could top
$973,677,000 with
118,000 daytime workers working 50 weeks a year.
$26.71on dining/week
$35.85on transportation/week
$102.47on goods & services/week
The average Downtown office worker spends:
= $165 per week
Source: ICSC, Office-Worker Retail Spending in a Digital Age, 2012
Student Spending
Downtown boasts 53% of the city’s student
population & 8.3% of the entire metro area’s
student population.
Students spend $361 per week or $4,332 per year in retail spending.
StudentsGeorgia State University
Georgia Tech
Clark Atlanta University
Morehouse College
Spelman College
32,000
21,000
4,000
3,000
2,170
Est. Annual Student Retail Spending by University
Source: RCLCO, Downtown Development Forecast, June 2011
$211,515,000
$157,589,000
$604,573,000
Transportation
Full Service Restaurants &Fast Food Eateries
Goods & Services
$138.62
$90.97
$9.43 $13.00 $17.33
$0
$20
$40
$60
$80
$100
$120
$140
$160
GSU GeorgiaTech
SpelmanCollege
MorehouseCollege
ClarkUniversity
Tot
al S
pend
ing
in M
illio
ns
Central Atlanta Progress | atlantadowntown.com
Restaurant Spending
RETAIL & SPENDING
With new restaurants and bars seeking urban environments, Downtown is becoming a destination for quality dining.
Average Annual Sales at Sit-Down Restaurant - $4,836,000
Restaurant Type Estimated Downtown Sales
# of Establish-ments Downtown
Estimated City Sales # of Establish-ments Citywide
Downtown as a % of City
Full-Service $175,525,933 207 $1,001,070,215 1008 18%
Limited-Service $131,930,997 97 $516,656,146 407 26%
Drinking Establishments $26,740,276 28 $168,221,934 129 16%
TOTAL $334,197,206 332 $1,685,948,295 1544 20%
Source: RCLCO, Downtown Development Forecast, June 2011
CONVENTIONS, TOURISM & HOTELS:
The buyer’s market at AmericasMart draws 93,000 people each January. The SEC Football Championship lures 70,000
sports fans every December. The world-renowned Georgia Aquarium welcomes 2.2 million visitors all year long. And
the list goes on. Welcome to Downtown, where the conventions, sports scene, concerts, shows and attractions are simply
unmatched anywhere else in the city.
WHERE ATLANTA’S VISITORS MEET, SHOP, CHEER AND STAY.
Downtown Annual Attendance:
Sporting Events
4.8 MillionConcerts & Shows
2.6 MillionConventions
2.1 MillionAttractions
13 Million
Downtown Hotels
Downtown hospitality employs more than 21,000 workers.
Downtown is home to 12% of the regions total hotel rooms
Downtown is home to 5% of the regions total hotel properties
Downtown Properties
Downtown HotelRooms
Source: ACVB
13,056 Downtown Hotel Rooms 43 Downtown Properties
Central Atlanta Progress | atlantadowntown.com
Annual Attendance at Downtown Attractions
CONVENTIONS, TOURISM & HOTELS
• Centennial Olympic Park – 3 Million visitors
• Georgia Aquarium – 2.2 Million visitors
• World of Coca-Cola – 1.1 Million visitors
• Martin Luther King, Jr. National Historic Site – 700,000 visitors
• College Football Hall of Fame – ± 450,000 visitors
• National Center for Civil and Human Rights – ± 350,000 visitors
• CNN Studio Tours – 300,000 visitors
• Imagine It! Children’s Museum – 200,000 visitors
Downtown Hotels
• Downtown boasts 13,056 hotel rooms at 43 properties
• Average daily hotel rate of $126, lower than many submarkets
• A 65.4 percent occupancy (hotels within 1 mile of the GWCC)
• In 2010, Downtown generated $7.743 million in Hotel Tax funds—77% of the city’s total
• Room nights demanded = 2,946,814
• Downtown hotel room revenues (2010) = $384,916,319
Downtown Properties
Downtown HotelRooms
Downtown is home to 12% of the regions total hotel
rooms
Downtown is home to 5% of the regions total hotel
properties
“Atlanta is forecast to see a 4.8 percent increase in RevPAR in 2012, according to a recent presentation from Smith Travel Research. Gains in revenue are expected to be even greater in 2012, with RevPAR forecast to see a 6.6 percent increase.”
- Atlanta Business Chronicle, July 2012
Average Daily Rate, $126.00
$120
$125
$130
$135
$140
2008 2009 2010 2011
Source: RCLCO, Downtown Development Forecast, June 2011
Source: ACVB
Historical Average Daily Rate, Downtown Hotels
Central Atlanta Progress | atlantadowntown.com
CONVENTIONS, TOURISM & HOTELS
AmericasMart January Gift, Home Furnishings, Area Rug Market
AmericasMart July Gift, Home Furnishings, Area Rug Market
Chick-Fil-A Bowl
Chick-Fil-A College Kick Off
SEC Football Championship 2010
Cheersport Limited 2011
Top Conventions and Tourism Events in 2011
Downtown is home to more than 8 million square feet of convention space.
• AmericasMart – 4.2 Million SF
• Georgia World Congress Center – 3.9 Million SF
• Georgia Dome – 102,000 SF stadium space
• Boisfeuillet Jones Atlanta Civic Center – 5,800 SF ballroom; 4,600 seat theater
• Philips Arena – 17,000 SF exhibit space
93,000
72,600
72,217
71,000
70,000
70,000
The average daily expenditure per conventioneer is
$369.34.
The average length of stay is 3.5 days.
Source: GWCC Authority and the Selig Center for Economic Growth, Terry College of Business, The University of Georgia (August 11, 2010).
Lodging & Incidentals - $157.68
Food & Beverage - 117.41
Entertainment/Recreation - $12.24
Retail - $38.66
Local Transportation - $14.12
Auto Rental - $12.28
Gas/Tolls/Parking/Other - $16.95
The occupancy rate for one-bedroom units in Downtown is 98.1%, which is the highest amoung intown Atlanta submarkets.
HOUSING
The news is out: Downtown is growing faster than the state and the country in population, housing and median income.
Who’s behind this increase? Young, upwardly mobile residents who are attracted to Downtown’s easy accessibility, pop-
ular entertainment venues and affordable housing options. As this population continues to grow, so will its need for quality
places to live.
AN EXPANDING POPULATION ON THE HUNT FOR HOMES.
The area’s population, housing and median household income is growing faster than the state’s and
the nation’s.
13,542Downtown Housing Units
5,957Units Constructed Downtown since 2007
10,758Downtown Households
Source: Haddow & Associates, Haddow’s Apartment Report, Third Quarter 2012
1.87Average Downtown Household Size
$17,100Annual spending per Downtown Households
Source: RCLCO, Downtown Development Forecast, June 2011, U.S. Census
$183,961,800Downtown Households Annual Economic Impact
Demand for new units will be driven by 15 to 34 year olds earning $35,000 to $75,000 who are drawn to Downtown for its:
• Excellent access to jobs and transit.
• High level of entertainment options and amenities, especially relative to the suburbs.
• Affordable housing stock.
• Trends result in a demand for 8,800 new, market-rate residential units over the next 20 years.
• New streetcar contributes to these numbers by 800 units.
Central Atlanta Progress | atlantadowntown.com
HOUSING
Trends indicate that Atlanta has a growing, young population that desires urban living in Downtown environments.
Projected Total Population Growth, 2010 - 2015
-20% -10% 0% 10% 20% 30% 40% 50%
Age 20-24
Age 25-29
Age 30-34
Age 35-39
Age 40-44
Age 45-49
Age 50-54
Age 55-59
Age 60-64
Age 65-69
Age 70-74
Age 75-79
Age 80-84
Age 85+
Atlanta
US
Downtown Rental Figures, 2012
Average Rental Price $1.11-1.36/SF
Average Rental Price $1,220/Month
Average Unit Size 982 SF
Average Occupancy 97.5% (98.1%-1 BR, 95.9%-2 BR)Source: Haddow & Associates, Haddow’s Apartment Report, Third Quarter 2012
Source: RCLCO, Downtown Development Forecast, June 2011
Central Atlanta Progress | atlantadowntown.com
HOUSING
• By 2015, Georgia State University is projected to have 36,000 students, with 2.45 mil-lion square feet of planned projects for Downtown.
• GSU’s goal is to house 20 percent of these students by 2015, leaving 27,000 looking for nearby rental options.
Student Housing Demand
Unhoused Students
Students In Dorms
Georgia State Student Body
27,00012,650
5,000 8,350
Georgia Tech Student Body
EMPLOYMENT & INDUSTRY
Downtown has a whopping 30,547 jobs—the highest number per square mile in the city. And even though Down-
town only comprises 3 percent of the city’s land, it’s where 31.5 percent of the city goes to work. From telecommunications
to biochemistry, film production to data processing, Downtown’s varied industries keep the energy high—and the
paychecks rolling.
THE MOST PAYCHECKS PER SQUARE MILE.
Daytime Workers
Downtown’s
118,000 daytime
workers account for
31.5% of the city’s total
employment, even though
Downtown only comprises
3% of the city’s land.
High employment numbers can be attributed to:
• #1 telecommunications infrastructure in the city.
• Access to county, city, state and federal agencies, courts and services.
• Very prominent data-processing industry, com-puter systems design and related services.
• Very low cost of doing business.
• Large convention capacity: can host conferences of any size.
• 13,056 hotel rooms with affordable average daily rates of $126
Source: Metro Atlanta Chamber of Commerce
Employment by Industry
Central Atlanta Progress | atlantadowntown.com
EMPLOYMENT & INDUSTRY
SunTrust Bank 900Marriott Marquis Hotel 841Hyatt Regency Atlanta 715
Omni Hotel at CNN Center 675Hilton Atlanta 640American Cancer Society 600InComm Inc 600Southern Co 600Bank of America 551Georgia State Univiversity/Robinson College 550Georgia World Congress Center 550Westin Peachtree Plaza 430
Coca-Cola Co 5,000Grady Health System/Memorial Hospital 4,000
Georgia State University 3,500Turner Broadcasting System Inc 3,000Emory University Hospital Midtown 2,771Georgia-Pacific LLC 2,500Georgia Power Co 2,000Atlanta Medical Center 1,700CNN News Group 1,200Deloitte & Touche LLP 1,100Ernst & Young LLP 1,100KPMG LLP 900
Top Employers Downtown
35,364
20,031
13,627
10,983
10,421
4,493
3,576
3,269
2,372
2,003
1,905
1,842
1,750
1,620
1,374
1,298
941
914
272
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000
Public Administration
Professional/Scientific/Technical Services
Healthcare & Socal Assistance
Accomodation/Food Services
Arts/Entertainment/Recreation
Other Services
Educational Services
Finance & Insurance
Manufacturing
Utilities
Wholesale Trade
Admin Support, Waste Mgmt, Remdial
Information
Management of Companies
Retail Trade
Real Estate Rental/Leasing
Construction
Other Services
Transportation & Warehousing
Arts & Culture
Key Industries Contributing to Downtown’s Growth
Central Atlanta Progress | atlantadowntown.com
EMPLOYMENT & INDUSTRY
• The Atlanta area is ranked number 1 in arts-related employees per 1,000 residents among the peer regions analyzed.
• The Atlanta area has 15,326, the third-highest number of arts-related businesses among the peer regions analyzed.
• The Central Business District has the highest number of creative-industry businesses per square mile.
Film & TV
• In 2011 alone, television networks, Hollywood studios, production companies and independent producers invested more than $689.3 million in Georgia.
• Downtown has a number of fully equipped studio spaces: EUE/Screen Gems, Tyler Perry Stu-dios, Raleigh Studios Atlanta, Atlanta Civic Center.
• More than 14 Georgia colleges and universities offer degrees or studies in film and television production, providing a breeding ground for new employees in this booming field.
Bioscience & Biotech
Downtown’s higher education institutions are leading the way in biotech and bioscience. Annual research expenditure in bioscience from Downtown universities:
$2,328,000Clark Atlanta University
$22,086,000
$41,098,000
Georgia Institute of Technology
Morehouse School of Medicine
$30,371,000
$1,900,000
Georgia State University
Spelman College:
$15,000
$97,798,000
Morehouse College
TOTAL
Technology
Downtown universities lead the way in technology with programs such as:
• Georgia State Technology and Commercialization Development Program
• Georgia Tech Enterprise Innovation Institute
• Georgia Tech Research Institute (GTRI)
Source: ARC Regional Snapshot, Creative Industries Thrive in Metro Atlanta, July 2012