PODCAST: Why This Recession May Be A Little Less Painful For Atlanta This Time Around
Bisnow has a podcast chronicling how members of the commercial real estate industry are dealing with the impact of the current global health crisis. The economic impacts are vast, and it is forcing businesses to adapt and make difficult decisions. In this series, Make Yourself At Home, we are hearing from members of the commercial real estate industry about how they are managing this new reality and gaining insight into their day-to-day approaches. You can subscribe on iTunes and Spotify.
In this week's episode, Bisnow's Atlanta reporter, Jarred Schenke, speaks about the boom-and-bust nature of Georgia’s capital, the state’s reopening, how the local TV and film studios are hoping to get back to work and how the office market could be affected by a work-from-home push.
"When the recessions come it always feels like the Atlanta metro area gets disproportionately hit. That was true in the dot-com bust, the early 1990s, it was definitely true in the Great Financial Crisis," he said. "The key difference is the Atlanta economy has diversified greatly. We are no longer reliant on one thing ... I'm not getting the sense there is a fear we will go deeper than the rest of the nation."