Across the region, it’s no secret Atlanta’s population has catapulted in the last decade. Projections from the U.S. Census Bureau show metro Atlanta overtaking Philadelphia as the nation’s eighth-largest region by 2022 – and that is only the tip of the iceberg.
This growth is also happening at a rapid pace inside the City of Atlanta. Last month, the Atlanta Regional Commission (ARC) released a population snapshot highlighting the City of Atlanta’s residential growth from April 2017 to April 2018. In 12 months, the economic powerhouse of the Southeast gained 10,100 new residents, the largest single-year estimated population increase within City limits since the Great Recession in the early-2000s.
Fueled by a development boom and several years of major job announcements, the City of Atlanta is poised to become a top contender among other international cities.
That said, where does the Midtown district stand? What this growth means for the district is more potential customers at Midtown shops and restaurants. The population increase means more people on the streets, especially after hours and on weekends. And with this influx of new residents, overall crime in the Midtown district is down, as there are more eyes and ears to watch out for each other.
Midtown Development + Population Charge Onward
The 1.2 square mile Midtown core represents less than 1% of the City’s land area, but since 2000 has seen population growth at a rate of 5 times that of the City of Atlanta.
During the one-year timeframe of the ARC population report, Midtown Atlanta saw almost 4K new jobs announced – with the majority of these jobs in the tech industry. Since the conclusion of the study in April 2018, another 1K jobs have been announced for the district, with a grand total now approaching 18K jobs in the past four years.
Developers have taken notice of these announcements, creating new housing in Midtown to appeal to professionals looking to live in an urban environment. Since 2016, more than 4,300 residential units have been introduced to the market, with another 5,500 units in the pipeline. With all the new housing inventory, some back-of-the-envelope math leads to an average of about 50 net new residents moving to Midtown every week for the past few years as residential buildings fill up.
To learn more about the development happening in Midtown, visit our interactive Development Tour.