Quote:
Originally Posted by Tuckerman
Agreed, the options now are few for any transit oriented plan for the metro area. I can't see any leadership emerging with the ability to take up this cause, especially any leadership with political clout. We need to remember that the core urban area of the Atlanta region is probably < 10% of the population and outer rings get more and more conservative and car oriented as we move away from the more dense areas. It isn't just the anti-tax mentality but also the anti-urban view. I have no doubt that some organizations and companies will continue to invest in the metro area, but not in the center. Tall office buildings will simply be built on the far outskirts with access to highways.
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I'm not so sure about that.
Look at trends in families and housing: the nuclear family is decreasing as a percentage of households, while singles and couples are increasing. Hence a building boom of intown apartments, while suburbanites continue to struggle with selling their homes.
Look at the YTD office absorption stats:
Page 3 has the data
Atlanta's three intown office markets (Downtown, Midtown, Buckhead) have had more total absorption in the last two quarters than all of the suburban markets combined, despite the fact that the suburban markets represent twice as much total office space.
And the only reason the suburban markets are positive in absorption is because of Central Perimeter--without that one district, they'd be in the red while intown is growing strong. And Central Perimeter is very much an inner suburb, with transit connectivity and all.
I really don't see good times ahead for Atlanta's suburbs. Or possibly suburbs in general. The mismatch between what suburbs offer and the demographic shifts of our day is only going to bite them harder and harder. It's a shame, really--I wish we could get transit and walkability out there, but it seems unlikely to happen at this point in time.