Speculative construction makes up 81% of all Atlanta development activity. Strong leasing velocity, particularly in new properties in Midtown, have helped calm fears of oversupply. In the first quarter of 2020 alone, five buildings delivered and three of which were speculative and were 69% plus preleased upon completion. The coronavirus pandemic may lead to project delays or a slowdown in groundbreakings over the next quarters, however the full scope of its impact remains unknown.