Atlanta Co-Working Boom Puts Pressure On Traditional Office Leases, By Travis Gonzalez, Bisnow
“Atlanta has become one of the top five markets in the U.S. for co-working. As the number of tech companies and startups in the city grows, co-working companies have acquired properties in Atlanta’s urban core and surrounding suburbs.”
Commercial, Government Construction in U.S. to Accelerate Through 2019, By Michael Gerrity, World Property Journal
“Despite labor shortages and rising material costs that continue to impact the construction sector, construction spending for nonresidential buildings in the U.S. is projected to increase 4% this year and continue at that pace of growth through 2019. The American Institute of Architects semi-annual Consensus Construction Forecast indicates the commercial construction sectors will generate much of the expected gains this year, and by 2019 the industrial and institutional sectors will dominate the projected construction growth.”
Pandora Targets Atlanta For Workforce Expansion, By Jarred Schenke, Bisnow
“In a major business restructuring, an online music streaming service is tapping thumbs up for expansion in Atlanta.Pandora announced Wednesday a plan to expand its workforce in Atlanta in an effort to seek talent at a lower cost than it is able to hire at its headquarters in Oakland, California.”
Where Are Multifamily Developers Going Next?, By Bendix Anderson, National Real Estate Investor
“Multifamily developers are finding it more challenging to find new project sites in the current market.”
Multifamily Rent to Remain Steady, By IvyLee Rosario, Commercial Property Executive
“Although growth tends to be flat throughout the winter months, it rose 20 basis points from December and is forecasted to persist in the range of 2.5 percent. On a year-over-year basis, multifamily rents have gone up 2.8 percent through January, which is a rise of 20 basis points from last month.”
Evolving Technologies, Consumer Consumption Driving Massive Data Center Demand, By Michael Gerrity, World Property Journal
“Despite record-setting wholesale absorption levels for three consecutive years, ever-increasing data consumption and the rapid evolution of technology will fuel strong demand for data center space in 2018.”