Q3 2022 Atlanta Industrial Market Report
Developers continued to respond to the heightened demand for industrial space in Atlanta in Q3 2022 with 10.8M SF of groundbreakings, bringing total under construction to 44 MSF. Twenty-two percent of under construction space is pre-committed, despite a slower quarter of leasing activity relative to previous quarters. Vacancy increased 10 basis points in Q3 to 3.7%, which is still far below the market’s 10- year average of 6.7%. The Atlanta region is emerging as a…
Q3 2022 Atlanta Office Market Report
Given occupier concerns with the future of office space and more downsizing than expansions, Atlanta’s vacancy rate remains nearly unchanged year-over-year, ending Q3 2022 at 19%. Several new, Class A office buildings delivered this quarter, including Midtown’s Midtown Union which was 60% preleased at the time of delivery, Downtown’s Fourth Ward which was 68% preleased at the time of delivery, and Buckhead’s One Phipps Plaza which was 35% preleased at the time of delivery. While…
MARKET BRIEF: ATLANTA INDUSTRIAL DEVELOPERS AREN’T OVERBUILDING – 3 REASONS WHY
As 2022 winds down, industrial demand in Atlanta remains at unprecedented levels. In just the last 30 months alone more than 70 million SF of space has been absorbed. Developers are busy. Keeping track of new construction activity, sustained at well over 100 buildings, is almost as challenging as forecasting how quickly the next high rent watermark will occur. But with new construction levels sustained at or above 30 million SF for the last 18…
MARKET BRIEF: Durable Job Growth Key to Atlanta’s Recovery & Expansion
Atlanta has historically been one of the strongest job markets in the country, adding more than 1.2 million new positions over the last three decades. Perhaps even more compelling than its long run of employment expansion is the city’s accelerated post-pandemic recovery, as well as its broadening base of talent. The deep but short-lived pandemic recession of 2020 resulted in 22 million job losses across the U.S. Today the country has recovered, having surpassed its…
Atlanta’s Westside Beltline Trail – New Developments
Lee & Associates – Atlanta is pleased to present our Beltline feature video! Exciting things are happening on the South section of the Westside Beltline Trail – tune in to learn more! Recent graduates from our Research Associate program, Grayson Bluhm and Subham Nandy, compiled extensive research on current development projects along the Atlanta Beltline as part of our broker training program. We are excited to share what they put together and hope you enjoy! Please reach out if…