“Without a doubt, a lot has changed in Downtown Atlanta over the past year.” Those were the words of A.J. Robinson, President of Central Atlanta Progress and the Atlanta Downtown Improvement District, speaking to the nonprofit’s members last week.
In stark contrast to a year ago, Downtown’s streets on a typical weekday are alive with an eclectic blend of students, office workers, residents, and visitors. And in terms of foot traffic, this last weekend was undeniable proof of Downtown’s vitality as hundreds of thousands of concertgoers flocked to Mercedes Benz Stadium and State Farm Arena.
It’s no surprise then that the outlook provided by CAP’s newly released State of Downtown report forecasts a boom in residential development and the continued growth of retail and restaurant options.
The report was revealed last week at a special briefing for CAP members held at the National Center for Civil and Human Rights. Robinson led the event, which also featured Courtney English, Chief Policy Officer and Senior Advisor to Mayor Dickens, who spoke about the City’s new Neighborhood Empowerment initiative.
Exclusive data and metrics about Atlanta’s city center are accompanied by easy-to-understand graphs in the publicly available report. It highlights four key takeaways about what’s changed over the last year and what to look forward to:
Downtown Atlanta is going through a residential resurgence, growing 35% over the past decade
Downtown is home to a diverse business community, with 12 new retail businesses opening in 2022 and 10 more planned for the next year
Average daily rates at hotels exceeded pre-pandemic figures
$3.8 billion in projects are under construction or planned, setting the next stage for Atlanta’s growth
With a deep dive into information about Downtown’s employment and visitation rates, its talent pipeline, and projections for residential and other real estate developments, the report is the newest offering from CAP/ADID, which also provides a regularly updated investment map that tracks Downtown projects in real-time.
For even more information about the state of Downtown Atlanta, sign up for CAP’s newsletters to stay up to date on events, news, and more. Then, join the community at 7:30 a.m. on May 24th at the Rialto Center for the Performing Arts for the CAP/ADID Town Hall. Everyone from stakeholders, students, residents, employees, and employers involved in the city center are invited to attend. APD Chief Darin Schierbaum will speak, and attendees will also get updates on The Stitch, Arts & Entertainment Atlanta, and more. Reserve your spot today.