Skip to main content Skip to footer

Atlanta Economy Report | October 2021

Download Report
EconomicIndicatorsHero

The Colliers Index remains at 5 for the month of October as a multitude of negative economic factors persist and are affecting overall optimism in the market.

As much as we would like to move the Colliers Index upwards, it will remain at a 5 for the month of October as a multitude of negative economic factors persist and are affecting overall optimism in the market. Specifically, inflation continues to show non-transient attributes. September’s 5.4% year-over-year increase in consumer prices reflects a 13-year high and is the fourth consecutive month at or above the 5% level. Supply chain disruptions have also shown no sign of slowing with a record number of ships waiting to offload cargo. In spite of these concerns, the local economy and CRE market are solid. Atlanta’s overall recovery is well underway and posted strong results over the past quarter.   

Current Market Conditions

The September jobs report fell well short of expectations missing forecasts by over 300,000 jobs. The delta variant, which wreaked havoc over the summer months, can largely be attributed for the disappointing results. In spite of the miss, unemployment actually fell during the month but mostly due to a shrinking of the labor force.

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

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

 

Don't miss next month's Economic Indicators Report.

Subscribe to our monthly Economic Indicators report emails here.


Oct21_Econ Report Picture

Atlanta Economy Report | October 2021

Download Report
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.

View expert