You know a disruptor is in town when Gov. Nathan Deal and the Metro Atlanta Chamber’s top leader cut the ribbon on an office leasing location that charges tenants as little as $250 a month. And so it was Monday morning, as WeWork opened the second Midtown location of a company backed by a recent $4.4 billion investment from a Tokyo-based tech and telecom firm.
The leaders of the the Atlanta agency in charge of attracting investment on Thursday morning approved millions of dollars in sweeteners or tax abatements for developments at Underground, Colony Square and more.
All those empty storefronts, offices and apartments around metro Atlanta have propelled the region to ninth in the nation in the balance of securitized commercial real-estate loans that are delinquent, according to a new report from real estate provider Trepp Inc. The hardest hit area is the newly formed city of Stonecrest.