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Atlanta Market Reports

Atlanta Office Market

Average Asking Rent (Price/SF) $26.09
Vacancy Rate (%) 17.1%
Net Absorption (SF) -145,427

Atlanta's office market ended the second quarter quietly, with increased vacancy, negative net absorption and rent growth driven by the additional space for lease. While the 17.1% vacancy rate is far off the five-year high of 20.8%, the increase for three consecutive quarters could be a sign that the expansion mode has ended. As indicated by the graph to the right, rent growth over the past five years was substantial. The two-year period between third-quarter 2015 and second-quarter 2017 saw average quarterly growth of 1.9%. Yet looking behind the numbers illustrates a shift in the dynamics. The increased rents are now a result of new space hitting the market, as tenants moved into build-to-suit opportunities.

Atlanta Industrial Market

Average Asking Rent (Price/SF)                     $4.96
Vacancy Rate (%)              7.8%
Net Absorption (SF)     2,832,957

Atlanta's industrial market remained in expansion mode at the start of 2018, as construction activity was high, tenant demand was robust, and asking rents rose. The region's positive metrics reflect its desirability.

 

 



Atlanta Office Market Report
2Q18
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Atlanta Industrial Market Report
1Q18
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