A record-setting quarter for the Atlanta Industrial market. South Atlanta lead the way with over 6.5 MSF of absorption. While I-20 West/Fulton Industrial became the tightest market with a vacancy rate of 3.8%. Atlanta continues to be the logistical hub of the Southeastern US and one of the top-performing markets in the country. E-Commerce and the Savannah port are the largest drivers of industrial activity. The Savannah port is outperforming all the other US ports…
Q1 2021 Office Market Report
The return of workers to the office did not happen in Q1, the Atlanta office market has had its two worst quarters back-to-back in terms of net absorption. The losses in the last three quarters, erase all the net absorption gains since 2015. While the vacancy rate has zoomed up 2.8% in just three quarters to 18%; however, the rate remains well below the historic high of 22% reached during the great recession in 2010….
Year-End Q4 2020 Savannah Market Report
The Port of Savannah continues to be the fastest-growing container terminal in America. In 2020, the port acquired an additional 145 acres, adding 1 million TEUs (twenty-foot equivalent unit) container capacity to the port. This is part of the port’s larger expansion plan to increase the Georgia Ports Authority’s capacity to more than 9 million TEUs by 2030. This growth has been led by an increase in demand as the top port for U.S. exports….
Year-End Q4 2020 Office Submarket Reports
Our 2020 Q4 Office Submarket Reports have arrived! Click on the images below to read:
Year-End Industrial Market Report
Atlanta had one of it’s best years in 2020. Atlanta set records this year in a few ways: Highest quarterly net absorption in Q4 2020 at 8.3 MSF Net absorption SF was higher than new space delivered for the last three quarters Highest rental rate growth year-over-year: 27.9% (from $5.04/SF to $6.45/SF). To read about the thriving Atlanta Industrial Market, even through a world-wide pandemic, click the button below.
Year-End Office Market Report
In 2020, Atlanta experienced its first negative net absorption since 2011 (-341,177 SF). Vacancy reached 16.2%, the highest year-end vacancy rate since 2014. While there has been a lot of talk about office tenants fleeing to the suburbs, Atlanta CBD gained 278,736 SF in 2020 while the suburbs lost 619,913 SF of tenants. Sublease availability rose to 2.2 MSF in Q4, 1 MSF higher than the availability at the end of Q4-19 and now makes…
Q3 2020: Office Submarket Reports
Our 2020 Q3 Office Submarket Reports have arrived! Click on the images below to read:
Q3 2020 Office Market Report
While the Atlanta office market had major tenant occupancies in the third quarter, it was the silent majority of smaller tenants (15,000 SF or less) vacating their office space which attributed to the negative 667,094 SF of net absorption. Vacancy continued to trend upward, ending the third quarter at 15.6%. Office sublease availability has increased 42% year-over-year due to recent work from home orders amid the coronavirus pandemic. In the third quarter, Macy’s put their…
Q3 2020 Industrial Market Report
The Atlanta Industrial market had an outstanding third quarter. Even with the economic impact of the COVID-19 pandemic, Atlanta’s industrial real estate market continued to thrive with exceptional demand in Q3 2020. Vacancy dropped 50 basis points to 6.6%, even with seven million SF of new industrial inventory entering the market. Leasing activity, while not as robust as quarters past, still showed strength in numbers as industry giants Amazon and Home Depot grew their Atlanta…