Atlanta has gone and done it again, ranking in CBRE’s latest research report on the “Top 30 Tech Momentum Markets” which ranked the cost of office spaces in the nations hottest tech markets.
- Atlanta is above the 5.7% national rate with a 7.8% technology job growth rate between 2012 and 2014. Placing No. 22 among the Top 30.
- Atlanta ranks No. 23 for office rent growth, offering lower than average office rents. Because of its affordability, Atlanta stands out as a potential destination for tech employers, and considered an emerging market with potential for continued growth.
- In 2014, the North Fulton submarket led Atlanta’s tech scene with 67,024 tech jobs. 35.2% of residents hold a bachelor’s degree or higher, giving Atlanta a skilled labor force and placing as a top-five tech talent market.
- Georgia Tech is cultivating a startup culture to feed into the area’s growing high-tech industry, which the real estate market continues to support. High-paying jobs associated with tech companies and Atlanta’s low cost of living are attracting millennials from universities in the south to Midtown and West Midtown.