Real estate creating opportunities for relocations, jobs

By Scott Taylor, president, Carter

March 16 (ATLANTA) – The economy may be in a slump, but Atlanta’s leaders have put together a game plan to lure companies and jobs to the city.

And Atlanta’s lagging commercial real estate market could be one of the keys.

The Metro Atlanta Chamber is projecting 50 new company operations and 5,000 new jobs in 2010. Here is a snap shot of what the chamber is working towards:

  • Global commerce – 12 companies creating 700 jobs
  • Supply chain – 10 companies creating 850 jobs plus two international air cargo carriers
  • Technology – 7 companies creating 350 jobs
  • Bioscience/biomed – 5 companies creating 300 new jobs
  • Headquarters, business services and general recruitment – 16 companies creating 2,800 jobs

TheMAC strategy includes generating 250 new qualified company relocationleads through marketing and recruiting business from Latin America,Asia, Europe and North America.

According to the March 5Atlanta Business Chronicle, the commercial real estate situation couldhelp this effort. John Boyd, the president of The Boyd Company Inc., aconsultancy based in Princeton N.J. told the Chronicle that Atlanta’scheap real estate, lower taxes and inexpensive energy costs areattractive especially compared to northern cities. A Boyd study foundNew York has the highest annual operating cost for a headquarters, at$30.6 million. Atlanta is in relatively good shape with an annual costof $23.2 million.

Of course, 2009 was not too shabby for metro Atlanta. According to MAC, 59 companies moved to Atlanta, bringing with them 6,600 jobs.

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