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Atlanta Economic Indicators Report | Colliers Index dips to 6

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Current Market Conditions

The Colliers Index has been downgraded to a 6 from an 8 in February. This score reflects the current market conditions for Atlanta during a volatile and turbulent time for the global markets thanks to several factors including the spread of Coronavirus (COVID-19). 

The indicators that are updating in real time (oil, interest rates, the stock market) are not positive. However, job and employment data (a big part of what goes into the Colliers Index) are backdated by a month or two and are overwhelmingly positive. These metrics have not yet been affected by Coronavirus. We will not see the overall effect from this for months - and potentially years.

U.S. Jobs

The nonfarm employment gains for December and January were revised upwards by 37,000 and 48,000 jobs respectively. After these revisions, the U.S. has added an average of 243,000 jobs over the past three months.


Mar2020_EconomicIndicators

Atlanta Economic Indicators Report | Colliers Index dips to 6

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Scott Amoson

Director - Research

Atlanta

Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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