This Week on The Street March 2, 2015

by Steven Josovitz

Post image for This Week on The Street  March 2, 2015

This Week on The Street  March 2, 2015

 (A more or less regular compilation of news, factoids and observations.)

By Harold V. Shumacher

Webster’s defines an accelerant as something that contributes to acceleration, a power boost might be another way to consider the word.  In the 1990’s,  the Olympics accelerated/propelled/boosted Atlanta with a near doubling of the population, billions of dollars of infrastructure improvements (roads, stadiums, residential housing) hundreds of thousands of new jobs were created   and Atlanta became one of the country’s leading cities.

We now know that all good things must come to an end and from 2008 through mid 2013 to early 2014,  the metro suffered from one of the longest recoveries in the country. That now seems to be behind us and based on current trends we might look back at the 20 teens  as another  period of acceleration.

Consider the following from The Atlanta Regional Commission’s 2014 annual report.  The ARC, an 18 county regional planning and funding organization,  has a unique perch of the local landscape compiling data from a wide variety of sources. Over the past four to five years metro Atlanta has become younger (29% of the population is under 20); more diverse-13% of the population is born in a different country; more innovative  and technical  fifth in filings for new patents and sixth in number of software developers.  Atlanta  is 7th in new residential growth (236,000 newcomers) but we have more cars (3.8 mm)  than ever and spend approximately $1, 100 each per year sitting in traffic- the 7th highest total in the nation.

The good likely outweighs the bad. Technology companies are opening daily, the metro area has had big wins with the corporate relocations of Mercedes Benz, NCR and a growing number of innovation centers around Georgia Tech and downtown Atlanta.

New construction is back and all the major sectors, residential, industrial, commercial and single family are in full gear.  Construction and  material costs have shown a steep increase (15 to 30% depending on who you talk to.)  This summer, the Atlanta Falcons stadium, in downtown Atlanta, will be the largest construction site in the Southeast United States with 18 construction cranes expected to be on site.

For the restaurant industry that’s all positive. If residents feel more affluent they’re more likely to spend money.   To date,  Krog Street Market ,   restaurants , Avalon, and Buckhead Atlanta are off to stronger than anticipated starts. Ponce City Market comes on board later this spring and there are numerous new eateries slated throughout the metro area.  Maybe not the go go 90’s but a big improvement from where we were a few years back.

Contact Harold:
Phone: 404-240-0040
Fax: 404-266-9271

Recent transactions for The Shumacher Group Inc. include

Sale of  The Painted Pig Tavern,  Historic Downtown Canton

Sale of Mama 5 Sons Italian Grill, Jefferson

Lease of Hooters Canton to Friends American Grill

Lease space at Camp Creek Marketplace to TPK Wireless

Lease of adjacent space for Kaleidoscope Bistro & Pub Brookhaven

Sale of Doc Greens Powers Ferry Road 

Lease to Roswell Farmer’s Market-Holcomb Bridge Rd.

 Lease to Reclaimed by Demant 

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