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Investment, Development and Homebuilding Make Positive Moves in Atlanta
ULI and PwC US Release, Present Emerging Trends in Real Estate Forecast
The annual report showed many participants discerning that, despite a slower-than-
At the theatre, PwC representatives Jeff Nasser and Amy Olsen presented highlights from Emerging Trends, reporting specifically that Atlanta moved from 36 to 35 on the “Markets to Watch” list. “Atlanta’s loss of employment and the housing collapse affect interest in commercial real estate … Even with these difficulties, job growth is showing improvement and is projected to increase 2.6 percent,” the report said.
“For Atlanta, some of the ‘best investor’ bets include budding infill locations – bolstered by move-back-in trends and gen-Y appeal,” said ULI Atlanta Executive Director Jeff DuFresne. “As top core districts have become too pricey, districts where ‘hip’ residential communities meet commercial areas are attracting investors.”
A panel discussion followed the presentation, in which moderator Doug Sams of the Atlanta Business Chronicle led panelists Walt Mercer of Suntrust Bank, Egbert Perry of Integral Group and Kiernan Conway of Colliers International in a series of conservations about moving Atlanta forward. The topics included the recently failed TSPLOST and how education affects Atlanta’s growth. Panelists urged listeners to pay attention to the Georgia Port Authority, as Savannah was recently named the third busiest port – and 70 percent of the total economic impact of the port comes to Atlanta. Other topics included infrastructure updates and a shift in demographics and need for multifamily construction. Concerns of overbuilding in the multifamily sector were also voiced.
About the Urban Land Institute
ULI Atlanta is a district council of the Urban Land Institute. ULI is a non-profit education and resource group supported by 30,000 members in 90 countries. (http://www.uli.org)