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Lower rates of job growth tested large U.S. markets in 2024, even in the big Sunbelt markets where rates of growth sank by 50% or more. Metro Atlanta added 44,000 jobs last year (1.4% growth), a moderate gain but well below its trailing 10-year trend. Despite the slowing rate of job additions, office market conditions are holding steady, and while it’s too early to declare a recovery, signs of a resurgence are on the horizon….

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  Atlanta Market | ENDS Q1 WITH A DECREASE IN SUBLEASE AVAILABILITY Development Activity: As expected, development activity is gaining momentum, with developers breaking ground on six new projects in Q1, five of which are speculative with no current preleasing activity. The market ended the month at 7.1 million square feet under construction, still a low figure compared with historical numbers. Industrial Overall Availability: Industrial availability showed a slight month-over-month increase. Notably, leasing activity, while…

  Development Activity: Developers broke ground on new speculative projects totaling approximately 1 million SF through February, contributing  a substantial sum to Atlanta’s overall space availability. Industrial Overall Availability: Increases in both direct and sublease space contributed to total industrial availability rising from 93 MSF in January to 95.8 MSF by the end of February. Sublease Availability: Sublease availability continued its upward trend for the fourth consecutive month, reaching 10.3 million SF in February. While…

With the close of 2024, Atlanta’s industrial development pipeline has reached historic lows, signaling a significant market shift heading into 2025. While vacancy rates have increased to 8.8%, largely due to the delivery of vacant big-box product, leasing activity in the bulk space sector picked up toward the end of the year. This area, which has been the primary driver of the rising vacancy rate, is expected to see further improvement as tenants take occupancy…

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  Industrial Overall Availability: Total available industrial space inched up to 93.03 million SF in January 2025, from 91.37 million SF in December 2024. Sublease Availability: Sublease availability rose slightly to 9.86 million SF in January 2025, largely due to a new 356,000 SF sublease at 300 Horizon Drive in Northeast Atlanta. Development Activity: There was little change in development activity from last month, but groundbreakings are expected to increase as strong leasing activity continues.

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