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Real Estate
Atlanta
2008 Population: 26,700
2010 Projected Population: 38,900
Notable Investment: $290 million in the Georgia Aquarium
Atlanta had the best increase in its commercial office market in seven years, due to low real estate prices compared to surrounding submarkets. Two tax allocation districts in downtown are financial incentives for developers.
Challenges: Atlanta has suffered a record decline in home prices. Traffic congestion remains a problem downtown, which the proposed extension of the Green Line light rail system should alleviate.
Sources: AtlantaDowntown.com, FMLS DATA Monthly Reports Letter, May 21, 2008