When the Neighbors are Fortune 500

May 18, 2020

When the Neighbors are Fortune 500

There’s some diamond-cutting being done each year, right after Fortune magazine publishes its annual list of the 500 largest U.S. corporations. The list itself is only as debatable as reported revenue – but how many of those top companies make their home in your town? Well, that sometimes gets discussed. A lot.

The big picture is that Atlanta has ranked among the top five U.S. cities in Fortune 500 headquarters for nearly a quarter century – ever since we hosted the Olympics. That means it’s a short throw from the condos around Atlantic Station, for example, to some of the leading examples of enterprise in this or any other economy. In all, 16 of the Fortune 500 make their homes in Atlanta.

Some Are Homegrown

Some of those corporations were born and raised right here, including the largest on the list, The Home Depot. Although the founders got the idea in a Los Angeles coffee shop, they built their first two stores here in Atlanta, on Memorial Drive and Buford Highway. Now helping people build and improve homes from 2200 stores in three countries, The Home Depot heads the list of local heroes by a substantial margin in terms of revenue.

Coca-Cola is another Atlanta native, first formulated here in 1892 and still going strong. The focus of its fame is so strong that for decades Coca-Cola was the most widely recognized brand name in the world. Nevertheless, the company markets no fewer than 2,800 products in 200 countries. Diversification did not drain the power of the Coca-Cola Company, and with it comes lessons in the classic Atlanta qualities of persistence and broadening one’s base for longevity.

Others Made a Wise Choice

Other Fortune 500 corporations migrated to Atlanta for the advantages it brings to transportation and logistics. Though Delta Airlines started down the road in Macon, its headquarters followed its routes to Louisiana for a while until making Atlanta its home in 1941. United Parcel Service also began its story elsewhere – some might say the ultimate elsewhere, Seattle – and chose Atlanta for its base in 1991, the same year when UPS notched $13 billion and became the fastest growing airline in history. (Though the rest of us see the pickup and delivery services, the FAA calls it an airline.)

Resilience and Resources

What these headliners of the business world demonstrate that is useful to all of us is this. The depth of resources employed by large corporations is a great wellspring of resilience. More options, more scope, wider perspective – these qualities come in handy anytime. Neighbors like these can be reassuring to anyone considering buying a luxury condo in today’s economy.

These two factors we share with our Fortune 500 neighbors – resilience and resources – help explain why condos like those of the Atlantic flourish in Midtown. Right here and right now they are key elements of value and confidence. Discovering the opportunities this economy might present to you, whether for living or investing, is our chosen field. For more information visit https://ownatlantic.com/contact/ or contact us at 404.961.7111.