New Research Shows Most Professional Services Firms in Atlanta are in Midtown

  

Jeff Keppen

 ATLANTA, GA – Sixty-two percent of all metro Atlanta professional services firms are now located in Downtown, Buckhead and Midtown — with the majority in Midtown — according to new research commissioned by CBRE Global Investors. 

 These three neighborhoods, serving collectively as Atlanta’s central business district, grew their headcount of professional service workers by nearly 17 percent over the past decade.

This is an increase of 3,557 jobs. Of the three neighborhoods, Midtown was the clear winner, capturing 66 percent of the new professional services firms, or 2,365 jobs.

 Professionals services firms nationwide are wrestling with a generational shift that is changing the way they work and use office space.

 Research shows a trend in office site selection as employers aim to attract young Gen Y professionals by locating in trendy urban centers that offer a mix of residential options, shopping and entertainment in a walkable setting.

 “This new research indicates that professional services firms are flocking to Midtown,” says Jeff Keppen, Senior Vice President at CBRE. “When firms are looking to attract young talent, they need to be in a vibrant walkable neighborhood, and in Atlanta that’s neighborhoods like Midtown and Atlantic Station.” 

  

An in-depth whitepaper with new findings and analysis can be downloaded at http://www.27117thstreet.com/cbre_prosvcfirms.pdf.

 For a complete copy of the news release, please, contact:

Elizabeth Hagin

The Wilbert Group

ehagin@thewilbertgroup.com

+1 404 748 1367

Hold-Thyssen Negotiates Lease Renewal at Willowbrook Square in Lake Wales, FL

Martin Forster

ORLANDO, FL  --- Hold-Thyssen Real Estate Services recently completed a five-year renewal lease for 1,400 square feet of retail space at Willowbrook Square, 24174 Highway 27 in Lake Wales.

Martin Forster CCIM of Hold-Thyssen in Winter Park negotiated the transaction representing the landlord at Willowbrook Square.

 Tenant Low Ball Louie’s, a tobacco products retailer specializing fine cigars, has been a very successful store at this highly visible location in a growing retail hub that’s recovering with the economy comeback as well as tourist traffic generated by the nearby Legoland attraction, Forster said.

 Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current management portfolio includes more that 100 commercial properties throughout the United States.

For a complete copy of the news release, please, contact:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc. 407-644-4142 Lvershelco@aol.com