Dhawan: Wait-And-See ATL Economy

In his economic outlook today, Georgia State University Economic Forecasting Center's chief Nostradamus Dr. Rajeev Dhawan says job growth in Georgia will be down slightly from last year--a projected 85,100 new jobs. Atlanta will be the bulk of that job creation (take a bow): 57,500 new jobs, 12,000 of which will be premium jobs (those that come with fries most likely housed in offices). Rajeev's crystal ball also shows metro Atlanta producing 64,600 new jobs (including 15,300 premium ones) in 2015 and nearly 70,000 (16,400 premium) by 2016. Overall, economic growth will be “wait-and-see” for Atlanta this year. And corporate demand will only return “when the global economy, including China, is firing on full cylinders to benefit Fortune 500 companies located in Atlanta. That normalcy is still quite a while away.”

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Broward Lures Office Tenants Away From Miami-Dade

ISIF Commits €100M To IPUT's €500M Office Development Pipeline

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Dan Wagner To Head Lee & Associates In Atlanta: The Atlanta Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

Office Recovery Moving Faster Than Expected, CoStar Finds

Georgia's Utility Board Race Could Reshape Nearly 20 GW Pipeline Of Data Centers