Companies look to Atlanta because of lower cost of business
In JLL Research’s 2016 Technology Outlook, Atlanta remains a strong competitor in the tech market, providing high industry opportunities at a low cost. According to the report, Metro Atlanta currently ranks as the lowest cost of doing business of the 31 largest metros, followed by Miami and Dallas-Ft. Worth. Couple this with a lower cost of living and a high quality of life, and the result is a healthy mix of companies wanting to locate in the metro and a place employees want to live. With a tech market resiliency score of 84.2 and a JLL Market Score of 74.8, the city remains a top 15 city for technology companies as tech funding remains high. Atlanta is a “sweet spot” for emerging talent and a hub for corporate growth and start-ups.
“As Atlanta solidifies itself as the Southeast’s technology hub, more of the metro’s Fortune 500 companies continue to invest in creating research and development innovation labs and building new, creative collaborative spaces to engage the future tech workforce,” said Senior Research Analyst James Leary.
The Tech Outlook, released this week, provides an in-depth look at the growth of the technology industry and how it’s affect on the economy is affecting companies. With the tech sector’s continued growth and impact on traditional business, technology has become an integral part of a company’s portfolio, targeting industries such as ecommerce and software. Just as tech’s impact on major companies continues to grow, so does it’s impact on corporate real estate. Companies are looking for cost effective solutions to both corporate space and hiring talent. If these trends continue, there is an expected increase in tech subleasing over the next 15 to 18 months, with opportunities for young companies and developers to obtain flexible spaces.
Visit here to download your copy of the 2016 Tech Outlook and learn more about how technology is changing industry trends and how it affects you! Then head over to JLL Research’s top tech trends for 2017 to learn more about how the tech outlook can benefit your business.