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"Atlanta’s diverse, technical talent pool scored the city another major corporate expansion.
Capital One Financial Corp. (NYSE: COF) is adding hundreds of technical jobs to a 15,000-square-foot office at Ponce City Market. The Fortune 100 company targets the end of the year to have employees in the office, said Diane Lye, executive vice president and chief innovation officer of card technology. Capital One hasn’t decided exactly how many employees will be based in Atlanta. "
All these new tech hubs are being set up in and around mid town. How many people do they think come out of Georgia Tech each year? Most of the married/middle aged tech workers do not live anywhere closer to that area and the places where they live(Sandy springs, Alpharetta, Cobb, Gwinett etc) have really lost the momentum when it comes to new tech companies. I wonder why...
All these new tech hubs are being set up in and around mid town. How many people do they think come out of Georgia Tech each year? Most of the married/middle aged tech workers do not live anywhere closer to that area and the places where they live(Sandy springs, Alpharetta, Cobb, Gwinett etc) have really lost the momentum when it comes to new tech companies. I wonder why...
It’s not just Georgia Tech graduates that Atlanta’s growing tech industry scene (including Midtown Atlanta) is attracting.
Atlanta’s growing and thriving tech industry scene (including Midtown Atlanta) is attracting both young and experienced grads from a diverse list of schools that ranges from top tech schools like Georgia Tech, MIT, and Stanford, to local 2-year technical and community colleges, to tech schools in Asia.
Most married and/or middle-aged tech workers may not live near the growing and thriving tech hub in Midtown Atlanta. But many married and/or middle-aged tech workers do live relatively close nearby in hot closer-in suburban areas like East Cobb, Smyrna, Dunwoody, Brookhaven and Chamblee, and more married tech workers with families (particularly of the Millennial generation) are living in gentrifying inner-city areas like Intown Atlanta and very close-in ITP suburban areas like Decatur.
And while suburban communities like Sandy Springs, Cobb County and Gwinnett County may not have nearly the momentum of an area like Midtown Atlanta when it comes to attracting new tech companies, a suburban community like Alpharetta appears to have an astonishing amount of momentum when it comes to attracting new tech companies.
Alpharetta was reported to be home to more than 700 tech companies as of 2018 and has become known as a booming hub of tech industry activity in the Southeastern U.S.
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The City of Alpharetta and Tech Alpharetta, the nonprofit organization helping the City of Alpharetta to lead in innovation, announced today that there are now 704 tech companies that call Alpharetta home, a substantial increase from 643 in 2016. The City and Tech Alpharetta recently completed their joint count of the number of tech companies headquartered or operating in Alpharetta as of December 2018, ranging from tech startups, including those working in Tech Alpharetta's startup incubator, to enterprise-level companies, such as Microsoft, which runs its Microsoft Technology Center in Alpharetta.
Metro Atlanta as a whole (including explosively fast-growing and thriving tech hubs like Midtown Atlanta and Alpharetta) has become a major Southeastern hub for tech because of factors like a large and increasingly diverse pool of tech talent; a large and fast-growing economy; the numerous cosmopolitan cultural, dining and entertainment options that the Atlanta city/metro offers; a relatively much lower cost-of-living than the Northeast and the West Coast; and the world’s busiest airport (Hartsfield-Jackson Atlanta International Airport) that offers numerous direct flights daily to and from locations all over the world.
Metro Atlanta’s growing tech hub is also attracting numerous experienced tech workers from other large major tech hubs like the Northeast U.S. and the West Coast because of said higher cost-of-living in those areas.
It’s not just Georgia Tech graduates that Atlanta’s growing tech industry scene (including Midtown Atlanta) is attracting.
Atlanta’s growing and thriving tech industry scene (including Midtown Atlanta) is attracting both young and experienced grads from a diverse list of schools that ranges from top tech schools like Georgia Tech, MIT, and Stanford, to local 2-year technical and community colleges, to tech schools in Asia.
Most married and/or middle-aged tech workers may not live near the growing and thriving tech hub in Midtown Atlanta. But many married and/or middle-aged tech workers do live relatively close nearby in hot closer-in suburban areas like East Cobb, Smyrna, Dunwoody, Brookhaven and Chamblee, and more married tech workers with families (particularly of the Millennial generation) are living in gentrifying inner-city areas like Intown Atlanta and very close-in ITP suburban areas like Decatur.
And while suburban communities like Sandy Springs, Cobb County and Gwinnett County may not have nearly the momentum of an area like Midtown Atlanta when it comes to attracting new tech companies, a suburban community like Alpharetta appears to have an astonishing amount of momentum when it comes to attracting new tech companies.
Alpharetta was reported to be home to more than 700 tech companies as of 2018 and has become known as a booming hub of tech industry activity in the Southeastern U.S.
Metro Atlanta as a whole (including explosively fast-growing and thriving tech hubs like Midtown Atlanta and Alpharetta) has become a major Southeastern hub for tech because of factors like a large and increasingly diverse pool of tech talent; a large and fast-growing economy; the numerous cosmopolitan cultural, dining and entertainment options that the Atlanta city/metro offers; a relatively much lower cost-of-living than the Northeast and the West Coast; and the world’s busiest airport (Hartsfield-Jackson Atlanta International Airport) that offers numerous direct flights daily to and from locations all over the world.
Metro Atlanta’s growing tech hub is also attracting numerous experienced tech workers from other large major tech hubs like the Northeast U.S. and the West Coast because of said higher cost-of-living in those areas.
Locally, Metro Atlanta had three office leases crack the top 100. These three leases accounted for just over 1.1 million sq. ft., according to CBRE Research. Tech companies were responsible for two of these leases. Two of the three largest leases were also brand new, while one was a renewal. All three of the metro’s largest office leases occurred in suburban submarkets, including Central Perimeter, North Fulton and North Lake.
Locally, Metro Atlanta had three office leases crack the top 100. These three leases accounted for just over 1.1 million sq. ft., according to CBRE Research. Tech companies were responsible for two of these leases. Two of the three largest leases were also brand new, while one was a renewal. All three of the metro’s largest office leases occurred in suburban submarkets, including Central Perimeter, North Fulton and North Lake.
CBRE is getting sloppy, or their research sucks. The largest lease of the year was Carvana's sublease of State Farms tower 1 in Dunwoody. The next two were Google & Microsoft in Midtown, matching what B2R posted. Your anti-City attitude has become laughable.
CBRE is getting sloppy, or their research sucks. The largest lease of the year was Carvana's sublease of State Farms tower 1 in Dunwoody. The next two were Google & Microsoft in Midtown, matching what B2R posted. Your anti-City attitude has become laughable.
Take it up with CBRE. As for Carvana, that's a sublease, not a new lease, viewed considerable different in RE.
It's funny to see how bent out of shape you and some others get when people don't think as highly of the COA as y'all do.
Take it up with CBRE. As for Carvana, that's a sublease, not a new lease, viewed considerable different in RE.
It's funny to see how bent out of shape you and some others get when people don't think as highly of the COA as y'all do.
No. Carvana is a new lease, no matter how you define it. They approached State Farm, they weren't even considering a sublease. It still counts, and it's a huge deal. And your little escape bubble wouldn't exist if it wasn't for the COA. It's funny to see how bent out of shape you get with the continued success of the evil Atlanta.
No. Carvana is a new lease, no matter how you define it. They approached State Farm, they weren't even considering a sublease. It still counts, and it's a huge deal. And your little escape bubble wouldn't exist if it wasn't for the COA. It's funny to see how bent out of shape you get with the continued success of the evil Atlanta.
I think it's great if Atlanta succeeds. I'm just not as enamored by the COA as you and many ITP folks are. In town living isn't for me. I prefer low crime, lower density and more nature, which the suburbs provide.
I think it's great if Atlanta succeeds. I'm just not as enamored by the COA as you and many ITP folks are. In town living isn't for me. I prefer low crime, lower density and more nature, which the suburbs provide.
As do the inner-ring ITP burbs adjacent to the City. As the City goes, so goes the Metro. Detroit is a textbook example.
As do the inner-ring ITP burbs adjacent to the City. As the City goes, so goes the Metro. Detroit is a textbook example.
This.
One vitally important thing that is making Atlanta’s suburbs and exurbs such a highly attractive and successful destination for the relocation of people and businesses is the continued and growing strength of metro Atlanta’s urban core.
People and businesses likely would not be attracted to a suburb like Alpharetta in insanely large numbers if there was not a very strong urban core to serve as a rock-solid anchor and a growth generator to the larger greater Atlanta metropolitan area and region as a whole, with the urban core’s past investments in important pieces of infrastructure like the mass expansion of the transportation system (including the mass expansion of the freeway system and the construction of MARTA back in the ‘80’s and ‘90’s along with the seemingly constant and continuous expansion of the Atlanta Airport since the end of World War II).
It has also been the explosive growth of ITP Atlanta into a major international convention and corporate/social networking hub back during past decades (courtesy of the past investments of urban core in such current and erstwhile facilities as Mercedes-Benz Stadium, State Farm Arena, the Georgia Dome, and Atlanta-Fulton County Stadium) along with the existence of ITP educational institutions like the Atlanta University Center, Georgia Tech, Emory, Georgia State and Agnes Scott College that has generated much growth for the Atlanta metro region as a whole.
Without a strong City of Atlanta and ITP core, suburbs like Cobb County, Gwinnett County, North Fulton County, etc., very likely would not be as uniquely and as awesomely strong as they are today.
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Originally Posted by Atlanta-Native
I think it's great if Atlanta succeeds. I'm just not as enamored by the COA as you and many ITP folks are. In town living isn't for me. I prefer low crime, lower density and more nature, which the suburbs provide.
And that’s a very good thing that you and many others personally prefer suburban and exurban living and it’s a very good and important thing that people who prefer suburban and exurban living have many very robust options for those lifestyles in the greater Atlanta region.
But it’s also a very good and very important thing that there seems to be a growing number of people who are enamored with the City of Atlanta and Intown and urban living.
It’s a very good and important thing that both ITP urban Atlanta and OTP suburban/exurban metro Atlanta are such strong areas that are able to give people the type of metropolitan living options and lifestyles that appeal so heavily to them.
The gains of ITP and Intown Atlanta don’t have to come at the expense of OTP suburban and exurban metro Atlanta, just as the gains of OTP suburban and exurban metro Atlanta don’t have to come at the expense of ITP and Intown Atlanta.
Both ITP/Intown Atlanta and OTP suburban/exurban metro Atlanta can (and should) win big as they both are now... And it’s a very, very good thing that both city (ITP) and the suburbs/exurbs (OTP) seem to be winning so big right now.
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