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Atlanta Market Reports

Atlanta Office Market

Average Asking Rent (Price/SF) $24.85
Vacancy Rate (%) 17.2%
Net Absorption (SF) 526,769

Atlanta's office market has enjoyed a boom in activity over the past three years. The number of new jobs created and company relocation announcements have far exceeded historical levels. This translated into Atlanta's vacancy rate dropping from 22.7% in 2012 to 16.7% at the end of 2016 and the construction of 1.5 million square feet. However, the first half of 2017 has been marked with leasing activity and construction activity both cooling slightly. This has translated to market activity closer to historical levels, driven primarily by upcoming lease expirations instead of immediate new growth requirements.

Atlanta Industrial Market

Average Asking Rent (Price/SF)                     $4.75
Vacancy Rate (%)              7.6%
Net Absorption (SF)    5,424,534

The Atlanta industrial market remained in expansion mode at the end of the second quarter of 2017, as market fundamentals were positive and well above historical averages. The vacancy rate dropped over the quarter from 7.8% to 7.6%, at the level seen one year ago. It is 700 basis points lower than the 13.6% rate from five years ago. It would be even lower if not for the increased speculative construction over the past 18 months bringing new vacant space to the market.

 

 



Atlanta Office Market Report
2Q17
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Atlanta Industrial Market Report
2Q17
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