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Atlanta Economy Report | December 2021

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Upbeat Atlanta data pushes the Colliers Index upwards to a 6, despite national hurdles.

The Colliers Index is going to get bumped slightly to a 6 for the month of December. The uptick comes as a result of preliminary CRE data for the fourth quarter in the Atlanta market looking very favorable (mostly). Additionally, the MSA experienced its strongest monthly job growth in October since June of 2020 when the economy began to reopen from the initial lockdowns brought on by the pandemic. The move upwards also takes place in spite of another miss on the national jobs front for November, continued inflation which has now been officially deemed as non-transitory, and the onset of yet another highly infectious Covid-19 variant.  

Current Market Conditions

Following October’s better than expected jobs report, the November data was a disappointment, shattering hopes the economy had turned the corner from Covid-19’s Delta variant. The month’s 210,000 jobs added fell well below expectations of 573,000. Most of the jobs added came from Professional & Business Services, Transportation & Warehousing, and Construction. The biggest setback was in one of the sectors most affected by the pandemic, Retail Trade, which declined by 20,000 jobs.

Download the full report to learn about the economic data contributing to the Atlanta economic outlook for December including:

  • Interest rates
  • Employment statistics
  • Unemployment rates
  • GDP
  • Oil
  • Real estate development

 

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Dec21 Econ Report Picture

Atlanta Economy Report | December 2021

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Related Experts

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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