Atlanta’s office market is back in positive territory in 2022, recording nearly 1 million SF of net absorption through midyear. Midtown is attracting the greatest share of occupancy gains with Q2 absorption just north of 620,000 SF. Overall leasing activity is up 35% relative to Q2 of 2021 and the vacancy rate fell for the first time in nearly four years. While overall activity still pales in comparison to pre-pandemic levels, relocation and expansion announcements…
MARKET BRIEF: HEALTHY INDUSTRIAL SECTOR WILL WEATHER ECONOMIC DISRUPTION
KEY TAKEAWAYS: Supply challenges & corresponding inflation are key headwinds to economic growth Nationally, of the 648 MSF of industrial space currently under construction, nearly 40% of it is already committed Average Atlanta industrial rents are resilient, remaining flat or accelerating in 2 of the last four U.S. recessions Atlanta rebounded quickly from the COVID-19 recession, with the second fastest job growth rate in the nation when compared to large-market peers Economic conditions have shifted…
Q1 2022 SAVANNAH INDUSTRIAL MARKET REPORT
The Savannah industrial market has seen record growth in the last year as the vacancy rate dropped below 2% and under construction eclipsed 23 MSF in Q1 2022. As e-commerce continues to dominate shipping demands, Savannah’s port now provides more accessibility to larger ships due to a recently finished dredging project that has expanded and deepened the Savannah Harbor. The newly completed dredging has altered 32 miles of the Savannah River and will now accommodate…
Q1 2022 ATLANTA INDUSTRIAL MARKET REPORT
The Atlanta Industrial market continues to see tremendous growth as we enter 2022. Net absorption has dipped to 2.9 MSF in Q1-2022 due to supply delays for racking systems and interior buildouts. The consistently low vacancy rates have allowed landlords to push the average asking rental rate over 10% in the last year as it currently sits at $7.10 per square foot. The under-construction pipeline has increased dramatically in the last year as it has…
Q1 2022 ATLANTA OFFICE MARKET REPORT
The Atlanta office market continues to combat the lingering effects of the pandemic as the vacancy rate has increased 40 basis points in the last quarter and net absorption has decreased over 1.4 MSF from Q4-21 to Q1-22. Sales activity has skyrocketed entering the new year as the sales volume for the first quarter of 2022 reached $900M, in comparison to the $250M that took place at the end of 2021. Under construction provides some…
Q4 2021 Atlanta Industrial Submarket Reports
Northwest Submarket Report Northeast Submarket Report I-20 West | Fulton Industrial Submarket Report South Atlanta Submarket Report