Atlanta Metro

About the Community of Atlanta

With a population of 4,500,000 Atlanta, Georgia is the 9th largest city in the United States. Over the last three years Atlanta has been the hottest real estate investment market in the U.S. bringing massive investment from multi-billion dollar hedge funds, both foreign and domestic.  This has driven home appreciation to over 20% for each of the last two years in most towns within the metropolitan area.  While the cash flow deals are not what they were two or three years ago, off market deals can still have attractive returns, and Atlanta is a great flip market.

Atlanta Economy

Atlanta was the fastest growing city in the nation from 2000-2010 (24%).  For 2013 Penske Moving Company ranked Atlanta #1 for most inbound moves.  MasterCard Ranks Atlanta #6 “Worldwide Centers of Commerce”, KPMG ranked Atlanta “Best U.S. City forLowest Relative Costs of Doing Business,” Forbes Magazine ranks Atlanta “America’s 2nd Most Wired City,” and 2009 “Best City for Business & Careers,” Milikin Institute ranks “Atlanta is #6 in Best Performing Cities in America’s 10 Largest Metros,” and “Atlanta ranks 7th in U.S. High-Tech Metros” “#3 in U.S. top Cities for Regional Headquarters” FDI Magazine,  “Among Top 10 U.S. Metro Areas with Highest Gross Domestic Product (GDP)” U.S. Bureau of Economic Development.

Atlanta ranks #3 in the nation for Fortune 500 headquartered companies, with eleven.  These include The Home Depot, UPS, The Coca Cola Company, Delta Airlines, The Southern Company, Genuine Parts, SunTrust Banks, First Data, Agco, Rock-Ten, HD Supply 1, Coca-Cola Enterprises, Newell Rubbermaid, and NCR.  Additionally, Atlanta is home to twelve Fortune 1000 companies and 75% of Fortune 500 companies have a presence in Atlanta.  If Georgia were a country it would be the 27th largest economy in the world with $403 Billion GDP.  Hartsfield International Airport is the #1 in the world in passenger volume (over 90 million), and Atlanta is 400 kilometers from the Port of Savannah, the nation’s fastest growing and 4th largest container port.  Atlanta is the rail center of the South and one of the five most important distribution centers in the U.S.

The Southeast is #2 U.S. region for biotech industry development 7th in Biotech companies, 1st in Telecommunications industry, 5th in Data Processing industry, 9th in Computer Systems Design and related services, Atlanta’s top 25 technology employers generate more than $622 billion in annual revenue.

Atlanta Education

Atlanta Ranks 7th in the nation for the percent of its population having completed college. Leads the nation in its gain in overall U.S. market share of college-educated 25-to 34-year olds –the most coveted demographic in the nation.  It is home to 66 outstanding universities and colleges, including Emory University, Georgia Technical Institute, Georgia State University, Morehouse and Spellman.  There are 270,000 students enrolled in Atlanta area colleges, universities and technical schools.  Forbes Magazine ranks Atlanta as the number one spot for 2013 college graduates to live and work.

Housing in Atlanta

Forbes listed Atlanta as the #1 Rental Market in the U.S. and the #4 “Most Affordable Housing Market,” while CNNmoney.com says, “Atlanta is the 4th Best City in the U.S. to invest in.”  The average foreclosure price in Atlanta, Georgia is $73,900, 35% below the national average of $113,000.  Cash flow opportunities are in the 8% – 12% ROI (Return on Investment) range, and for the price of an average foreclosure, the Rich Life Real Estate team provides renovated properties with tenants in place.  There is strong demand for rental property in Atlanta with 45.41% of the properties serving as rentals, and vacancy rates at 17.56%. Foreclosures are down 30% from last year, and prices went up 17.82% last year.  Atlanta provides newer housing stock than any other investment market in the country for affordable prices.

Atlanta History

Atlanta’s history begins in 1836 when a railway was built connecting the port of Savannah to the Midwest. The railway ministered Atlanta into becoming a military supply hub during the Civil War. The city was the Union’s primary target during the war, which lead to its burning of all public buildings except for hospitals and churches in 1864.

Remaining robust in defeat, Atlanta arose from the ashes to gradually reconstruct, creating rapid population growth from surrounding states. By 1880, Atlanta was the biggest city in the state. Prominent companies including Coca-Cola and Delta Air Lines built headquarters in Atlanta, furthering population and job growth.

Atlanta’s business growth and appeal was showcased worldwide when it received the coveted bid to host the 1996 Centennial Olympic Games. The city continued to draw in millions by hosting sporting events, including Super Bowl XXVIII and XXXIV, four NCAA Men’s Final Four, MLB, NBA and NHL All-Star Games and more.

Between having the capacity to host major events to remaining a leader in business, Atlanta strives to build upon its rich history each day.

Culture in Atlanta

Culture lovers revel in Atlanta lifestyle and the arts and theatrical communities. From the Atlanta Ballet to the Atlanta Symphony Orchestra – which has won more Grammys than any other U.S. symphony – the city is home to world-class acts in dance and classical music. In addition, the metro Atlanta region offers several permanent theater groups, from the Fox Theatre to the Cobb Energy Performing Arts Center, as well as the world-renown High Museum of Art, a division of the Woodruff Arts Center.

Communities throughout metro Atlanta house cultural institutions and groups unique to their areas. Additionally, a number of other cultural attractions draw large audiences to the metro Atlanta lifestyle, including:

  • Alliance Theatre
  • International Museum of Art & Design
  • Fernbank Museum of Natural History
  • Michael C. Carlos Museum at Emory University
  • Callanwolde Fine Arts Center
  • Atlanta Contemporary Art Center