NAI Brannen Goddard Brokers 312,500 SF Warehouse Lease at Cherokee 75 Business Center
June 18, 2018
Mike Chambers and Nathan Anderson Tapped to Lease Braselton 85 Business Center
July 23, 2018Atlanta Office & Industrial Market Reviews: Q2 2018
SECOND QUARTER, 2018
The Atlanta office market is in good shape, as rent growth and vacancy continue to outperform historical averages. These fundamental markers are due to strong job growth in office-using employment and a relative lack of new supply. Further, most of the new office this cycle has been build to suit, with State Farm, Cox Communications, and NCR leading the way. And even though we are experiencing the most deliveries than at any other point during the current cycle, the net amount of new supply still falls short of Atlanta’s historical average. (See full review)
The Atlanta industrial market continues to surge, benefiting from its role as a national distribution hub and from the rapid growth in the metro itself. Logistics space dominates the market, accounting for nearly 80% of all supply. And that share is only expected to increase as major tenants continue to ink deals for modern warehouses near interstates in the suburbs, while smaller industrial buildings inside of the perimeter are converted to better and higher uses. By removing that low-functioning supply in the core, and adding build-to-suit facilities in the industrial nodes, overall vacancy has steadily fallen throughout the cycle, reaching a cyclical trough in the beginning of 2018. (See full review)