Stan Williams Brokers Sale of Future Development Site Adjacent to Perimeter Mall
October 8, 2018
Jack Haden Facilitates Buyer in Acquisition of Duluth Warehouse/Showroom
December 14, 2018Atlanta Office & Industrial Market Reviews: Q3 2018
THIRD QUARTER, 2018
The Atlanta office market is in good shape, as rent growth and vacancy continue to outperform historical averages. These conditions are due to strong job growth in office-using employment and a relative lack of new supply. Further, new office development this cycle has generally been build to suit, with State Farm, Cox Communications, and NCR leading the way. And even though Atlanta is experiencing the highest level of construction in the current cycle, the net amount of new supply still falls short of Atlanta’s historical average. (See full review)
The industrial market in Atlanta continues to surge, benefiting from its role as a national distribution hub, a growing Port of Savannah, and from the rapid growth in the metro itself. Logistics space dominates the market, accounting for nearly 80% of all supply. 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 prized for last-mile connectivity. In removing low-functioning supply in the city core, and adding build-to-suit facilities in the industrial nodes, overall vacancy has steadily fallen throughout the cycle, reaching a cyclical trough in late 2018. (See full review)