Despite its population continuing to surge and unemployment at record-lows, Atlanta’s commercial real estate scene is facing a major problem. Roughly 1/3 of the city’s office space is either vacant or being subleased, some 44 million square feet. That’s not only bad news for landlords but also the restaurants, hotels and shops located near them. The pandemic and ensuing pivot to more ‘work from home’ jobs is an issue yet to be resolved – and one that has commercial real estate owners SINKING…
State Farm Arena a box office draw
Downtown Atlanta’s State Farm Arena is quite the box office draw. How big? From October to to March, State Farm brought in $76.2 million across 60 events, making it the third-highest grossing venue in the entire nation, behind only New York’s Madison Square Garden and the Sphere in Las Vegas, and fifth globally. Nearly 600,000 visitors took in performances from superstars ranging from Blake Shelton to Usher, plus Hawks games and events like WWE Raw. State Farm’s status as one of the premier performance venues in the world is RISING…
