|
| Downtown Retail
Market Overview (Fall/Winter 2006) |
| Total space (GLA) |
2,786,535 SF
ft. |
| Total number
of centers |
30 |
| Average vacancy
% |
5.35% |
| Total available
space |
216,466 SF |
| Total under construction |
106,820 SF |
| Average Rent Range |
15.24-24.47/sq. ft. |
|
Downtown Shopping Venues
Glamour and historic charm meet modern convenience in Downtown's varied
shopping venues. Storefronts lining major Downtown streets connect to
larger centers. A wealth of goods is just a few steps away.
The Customers
Downtown is an employment and an entertainment magnet. It is that rare destination location that regularly attracts visitors and residents from a much larger market area to attend major Downtown concerts and sporting events.
| Downtown Demographic Profile (Based on the four square mile Downtown boundary) |
| Population
|
23,300 |
| Population by 2008 |
36,600 |
| Average household income |
$45,000 |
| Average housing value
|
$175,000 |
| Average market rent |
$1,185 |
| Median age |
31 |
| One-person households |
59% |
| Families with children |
18% |
| Households of roommates |
12% |
| Households with member over 65 years old |
15% |
| Households living in structures with 20 or more units |
53% |
| Take public transportation or walk to work |
31% |
| Have no car |
43% |
|
Back to Top
| Expanded Demographic Profile (Data source: Claritas/BIT MapInfo Corporation) |
| From Peachtree and Ellis Street
|
1 mile ring |
3 mile ring |
5 mile ring |
7 mile ring |
Population
2006 Population
% Population change 2006-2011
2011 Population |
24,669
7.7%
26,567
|
154,275
2.9%
158,778
|
319,664
1.4%
324,085
|
524,554
0.1%
524,942
|
Income
2006 Average Household Income
2011 Average Household Income |
44,904
52,732
|
63,592
72,875
|
69,074
78,019
|
71,215
80,102
|
Households
2006 Households
2006 Average Household Size
2011 Households |
10,648
2.3
11,802
|
64,701
2.4
67,104
|
129,516
2.5
131,722
|
213,279
2.5
214,185
|
Education
% 2006 Associate Degree
% 2006 Bachelor's Degree
% 2006 Graduate/Prof. Degree |
4.3%
18.6%
10.3%
|
3.9%
22.4%
14.4%
|
3.7%
21.8%
14.4%
|
3.7%
21.2%
14.7%
|
Age
2006 Median Age
2011 Media Age |
30.6
32.4
|
31.7
33.5
|
32.7
34.7
|
33.3
35.3
|
Business Information
Total Businesses
Total Employees |
4,917
133,066
|
11,524
239,665
|
16,772
346,270
|
27,297
505,419
|
|
Back to Top
A Booming Market
In the first half of 2007 alone, 8 new restaurants have opened in Downtown and several more are soon to open. Even with the more than 100 other restaurants and bars in Downtown Atlanta there is still room for more new restaurants to enter the Downtown market. Just look at all the people that are in Downtown on a regular basis.
- 23,000 residents
- 30,000 students
- 140,000 employees
- 12.8 million annual visitors
- 3.5 million conventioneers
Attendance Data
With Theater shows, Sports events, and concerts occurring all the time in downtown Atlanta, there are always a lot of people Downtown.
| More than 12 million people visited Downtown in 2006 |
| Attendance at Sporting Events
|
|
| Atlanta Braves (baseball) |
2,521,534 |
| Atlanta Falcons (football) |
634,800 |
| Atlanta Hawks (basketball)
|
660,000 |
| Atlanta Thrashers (hockey) |
311,000 |
| SEC Football Championship |
74,913 |
| Attendance at Specialty Events |
|
| 4th of July Celebration at Centennial Olympic Park |
80,000 |
| Atlanta Film Festival |
30,000 |
| National Black Arts Festival |
33,000 |
| Sweet Auburn Spring Festival |
40,000 |
| Peach Drop at Underground Atlanta New Year’s Celebration |
175,000 |
| Attendance at Attractions |
|
| Centennial Olympic Park |
1,500,000 |
| CNN Studio Tour |
310,000 |
| Georgia Aquarium |
4,000,000 |
| Imagine It! The Children’s Museum of Atlanta |
200,000 |
| Martin Luther King, Jr. National Historic Site |
666,000 |
| World of Coca-Cola |
799,500 |
| Attendance at Concerts/Shows |
|
| Cotton Club |
160,000 |
| Rialto Theatre |
53,997 |
| The Tabernacle |
78,000 |
| Civic Center |
525,000 |
| Total Attendance |
12,852,744 |
|
A Thriving Restaurant Community
There are many benefits to having a restaurant in downtown Atlanta including:
Downtown Atlanta Restaurant Week: This event showcases Downtown Atlanta restaurants with special dining promotions.
Back to Top
|
