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Atlanta Market Reports

Atlanta Office Market

Average Asking Rent (Price/SF) $27.43
Vacancy Rate (%) 17.6%
Net Absorption (SF)   376,036

After a decline in 2018, the Atlanta office market rebounded in the first half of 2019, as fundamentals remained positive and new tenant demand increased. Flexible office space with proximity to amenities and transportation options remains important to tenants looking at new space. These space concerns have spurred many relocations, with several recent large transactions consisting of tenants moving into newer space that allows for greater density and space efficiency.

Atlanta Industrial Market

Average Asking Rent (Price/SF)                     $5.26
Vacancy Rate (%)               7.0%
Net Absorption (SF)        631,226

The Atlanta industrial market started off 2019 on a quiet note, as fundamentals were much softer in the first quarter than they have been over the past several years. The vacancy rate increased because a significant amount of vacant space was delivered, while moves into existing product were limited. The asking rate experienced a quarterly decline for the first time in almost two years. Despite these occurrences, several leases and sales were pending at the end of the first quarter, meaning this quarter will likely be an anomaly in the region's current expansion period.

 

 



Atlanta Office Market Report
2Q19
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Atlanta Industrial Market Report
1Q19
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