Atlanta, Georgia is the epicenter of the southeastern Unites States and one of the largest cities in the South. The metropolis maintains a relatively lost cost of living compared to other larger cities in the U.S., and property values are lower than areas of comparable population density.
Atlanta’s thriving business, entertainment, and research precincts attract people from around the United States as well as abroad. Individuals looking to take advantage of its educational opportunities and high quality of life are making their home in the Big Peach.
Currently, market conditions are excellent for anyone interested in investing in the area, as rental and residential prices are low and affordable. Atlanta is predicted to undergo record levels of growth over the next decade.
1. Gateway City of the South
Atlanta has been one of the fastest growing cities in the United States. It is the ninth-largest city in the nation, in terms of population, and, by size, it holds the title of the fourteenth-largest metropolitan area in the world.
Metro Atlanta has had an increasingly significant influence on the media, entertainment, and commerce of the southern United States. It is home to the country’s busiest international airport, and its diverse population cements Atlanta as a global city.
As of 2014, Atlanta has the tenth-largest city GDP in both the U.S. and the world. Those numbers will only continue to increase as Atlanta’s economy expands.
2. Affordable Real Estate Prices
Compared to other global cities, such as New York, San Francisco, Boston, and Los Angeles, Atlanta’s real estate properties are reasonably priced. Despite the dramatic growth of its housing industry since the late nineties, Atlanta remains one of the most affordable metropolitan areas in the United States.
In terms of cost of living and affordable housing availability, Atlanta is the fourth most desirable city for those seeking a reprieve from the high-priced, highly-taxed markets of similarly developed municipalities. The steady growth of Atlanta’s population has created a market open to the numerous potential homeowners and renters settling in the area.
3. Steadily Increasing Population
Individuals looking for properties in the area would like to hear that Atlanta is also the seventh most visited city in the U.S., recording over 50 million visitors in 2015. Its mild climate, diverse culture, and excellent infrastructure make it a popular location for both leisure and living.
Atlanta’s real estate market has been growing since 1998 and continues to expand as more individuals are drawn to the city’s economic and educational opportunities. The U.S. Census Bureau predicts that, by 2025, Atlanta will be the sixth most populated city in the nation with more 7.3 million benefiting from investing in the next few years.
4. Industry and Business Presence
Atlanta has one of the most prestigious business sectors in the United States. Corporations and private companies looking to invest in the southern United States choose Atlanta as their base of operations. The metropolitan area has the third largest concentration of Fortune 500 companies, like Coca-Cola, Delta, and the United Parcel Service (UPS).
Atlanta is also home to over nine companies that rank at the top of the Fortune 1000 list, such as Equifax, AGL Resources, and Intercontinental Exchange. Metro Atlanta’s business-friendly entrepreneurial atmosphere makes it a magnet for startups, big businesses, and young professionals hoping to take advantage of the city’s employment opportunities.
5. Information Technology Capital
As sixth in the nation for fastest-growing jobs in information technology, Atlanta has earned its nicknames “The Silicon Peach” and the nation’s health IT capital. Various fields such as publishing, entertainment, and software engineering make up the city’s elite IT structure.
Atlanta is, unquestionably, a center for innovation and technological excellence. Numerous global health centers like the Center for Disease Control (CDC), the Task Force for Global Health, and more than 2,000 biotechnology and bioscience companies have headquarters in the metro area.
6. Exceptional Higher Education
Atlanta’s prominent business and technology enterprises aren’t the only things that make the city an attractive choice for corporations and potential investors. Within Atlanta’s municipal area, there are over 40 phenomenal educational institutions.
Young adults from all over the country and around the world relocate to the city to attend colleges such as the Georgia Institute of Technology, Emory University, and the University of Georgia. These students make up a large portion of Atlanta’s rental market. After graduation, they often choose to remain in the municipal area, and their professional expertise and talent fuel Atlanta’s robust technology and engineering sectors.
7. Continuous Growth
The city of Atlanta has been experiencing exponential growth since the late 1990s. Bolstered by the real estate industry and various business headquarters relocating to its urban areas, Atlanta’s economy has persevered through recessions, and the city has emerged as the unofficial capital of the south.
Economy boosters such as its flourishing movie industry, fine arts programs, and new sports-related ventures are encouraging corporations to invest in or relocate to the area. With its sunny weather, amiable business culture, rich traditions, and reasonable cost of living, Atlanta has proven that it’s an investment opportunity worth taking advantage of.