According to the state film office, Georgia currently has 2.1 million square feet of stage space and 3.2 million square feet of retrofitted stage space and warehouse space. The film and entertainment industries are booming in Georgia setting a blockbuster record of $4 Billion in direct spending on productions for the 2021 fiscal year. And the demand for production space in Georgia is only getting bigger.
Reasons why Georgia is an attractive state for the Film and Entertainment Industry:
Georgia has great tax incentives
Georgia has many diverse locations
The number of sound stages
The abundance of talent
Production facilities that are expanding in the Atlanta Metro Area:
Trilith Studios (formerly Pinewood Studios) in Fayette County
Trilith Studios is set to add 220,000 plus square feet of new space to its current 700-acre campus including a creative office center and 60,000 SF of “smart stages”.
Commonwealth Group (formerly Blackhall Studios) in DeKalb County
Blackhall Studios is planning a 155-acre, $250 million expansion that will deliver over a half-million square feet of new filming space with additional warehouse, office, and catering spaces
Gray Television (who purchased Third Rail Studios) In DeKalb County
Gray Television is set to start its “Studio City” mixed-use development in the spring of 2022. Studio City will have 10 TV and movie studio spaces totaling more than 550,000 SF of production space, a state-of-the-art interactive city, apartments, townhomes, hotels, and restaurants.
Tyler Perry Studios in Fulton County
Tyler Perry Studios is expanding its Atlanta production studio by 37.5 acres. The additional space will be open to the public including a theater district, retail stores, and restaurants
There is no doubt that the movie production industry is driving growth in Georgia and in commercial real estate. At Wildmor Advisors, we do more than office and industrial space. We have extensive experience and expertise in an array of industries and commercial real estate spaces and are here to answer your questions and guide you through what a mixed-use development would look like.
