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Atlanta Market Reports

Atlanta Office Market

Average Asking Rent (Price/SF) $25.07
Vacancy Rate (%) 17.2%
Net Absorption (SF) 79,304

Atlanta's office market fundamentals were flat in the third quarter of 2017, as the market recovered from the significant growth that had occurred between 2014 and 2016. That period's pent-up demand had led to a rapid expansion, as companies had opened new offices in the region, causing vacancy to drop and rental rates to increase. However, both of these metrics have shown a slowdown in the rate of improvement this year. Market activity is perceived by many to be at a "new normal," as rents are expected to remain elevated, while the majority of tenant demand should come from pending lease expiration needs rather than growth that is new to the market.

Atlanta Industrial Market

Average Asking Rent (Price/SF)                     $4.77
Vacancy Rate (%)              7.7%
Net Absorption (SF)     3,665,978

Optimism persists throughout Atlanta's industrial market, as fundamentals and demand remain strong. Vacancy is below 8.0%, new construction is being leased up and companies continue to expand in the market. The overall sentiment is "business as usual." The market still clearly favors landlords, as rents are rising and concession packages are shrinking. Leases are getting longer, as forecasts of continued rental growth in the region are motivating tenants to lock in current rates.

 

 



Atlanta Office Market Report
3Q17
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Atlanta Industrial Market Report
3Q17
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