ECONOMY AND INDUSTRY
By: Kristin Bird
The Great Atlanta Bo
AND WHAT THAT MEANS FOR What kind of Businesses to Expect
Sure, we didn’t get Amazon, but we still have plenty of other Fortune 500 companies who were more than happy to put down roots here. Georgia was ranked #9 on the list of top ten states to move to for a job, but don’t start clearing ground for your office building yet, the types of jobs to look out for might surprise you.
1. Tech Jobs We really have the Georgia Tech Research Institute to thank for the beginning of the tech boom here in Atlanta. Since their founding, we have become 7th in the nation for tech companies, and the 3rd for U.S. startups.
2. Film Production In previous years, Georgia has surpassed Hollywood in film and TV production. Just to give you an idea of how largely this affects our state, in 2017, Georgia filmmaking had an economic impact of $9.5 Billion.
16 Insight
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Issue 1, 2020
What kind of Real Estate to expect
The employees these two industries bring to Georgia are young, lively professionals who are looking for the work life balance they weren’t finding in other large cities. So, because most of these tech jobs have the capacity for it, they will be looking to work remotely. Hopefully, this will keep an increase in traffic to a minimum as we grow our population. (One can dream right?) But the trouble is, remote work is also lonely work, which is why we have also seen and will continue to see an increase in the need for Workshare spaces. Because film crews can now afford to shoot on location in Georgia as opposed to a studio on a lot, crew members will be residing in the area of filming for months on end. Which means that even rental properties with a 6 month lease might still be too long for them. They will need affordable month-to-month options to keep the costs of the productions down as well as local community amenities for the crew members who are on the road for most of the year.
