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Atlanta Economy Report | November 2021

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The Colliers Index continues to remain at a 5 given prolonged, unfavorable economic conditions, including paltry GDP in Q3, surging inflation data and labor shortages, which persist.

The Colliers Index continues to remain right in the middle at a 5 given prolonged, unfavorable economic conditions, including paltry GDP in Q3, surging inflation data and labor shortages which persist. The 2% quarterly GDP came in well below expectations, completely halting the economic growth from reopening the economy and is anticipated to pull down the overall annual average by year’s end. Meanwhile, surging inflation shows no signs of slowing with recent PPI and CPI data coming in at multiyear highs. Atlanta’s economy appears to be mostly impervious to the national concerns... at the moment. The metro area’s job growth continued in the most recent data and unemployment is at the lowest rate on record.

Current Market Conditions

The October jobs report came in better than last month’s miss with 531,000 jobs added, beating estimates. The majority of these jobs were in the Leisure & Hospitality sector. The data suggests the economy has recovered from the late summer delta variant. Still, accelerating inflation, along with a shrinking labor participation rate are causing great concern for the future economic outlook. 

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

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

 

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Atlanta Economy Report | November 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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