Atlanta’s Resilient Restaurant Sector is on the Rebound Post-Pandemic

When I recently looked into a prime site in Atlanta’s bustling West Midtown district on behalf of one of my restaurant clients, I quickly realized that several restaurants were eyeing the space. There were six other restaurant groups interested in leasing the space, creating a bidding war at rental rates far higher than my client wanted to pay.Heated competition for available restaurant spaces is by no means unusual in the Atlanta market these days, particularly for intown Atlanta, or the …

January 24, 2022Georgia, Market Reports, Restaurant, Retail, Southeast, Southeast Market Reports

Ongoing Population, Job Growth in Atlanta Drives Multifamily Demand

Atlanta remains an incredibly active market for multifamily demand from both a renter and investor standpoint. The Atlanta metropolitan statistical area (MSA) boasts a population estimate by the U.S. Census Bureau of more than 6.1 million people, an increase of 14.3 percent over the past 10 years, and ranks consistently as one of the top recipients of in-migration in the country. The continued influx of new residents and rising home pricing have led to a vacancy rate of 4.9 percent, the lowest …

January 3, 2022Georgia, Market Reports, Multifamily, Southeast, Southeast Market Reports

Just Like the Rest of the Country, Atlanta is Also Shattering Industrial Records

The Atlanta industrial market has been hot and setting records for quite some time now, and the third-quarter numbers for 2021 show that this trend is continuing as we are once again setting all-time record highs for activity, positive net absorption and new construction.Activity for the Atlanta industrial market for the third quarter alone was over 24.6 million square feet, which beat the previous record for a single quarter by over 4.1 million square feet. Adding the third-quarter numbers …

December 15, 2021Georgia, Industrial, Market Reports, Southeast, Southeast Market Reports

Atlanta’s Office Market Trending Upward as Workers Set to Return En Masse

Following a challenging year in 2020, momentum in the Atlanta office market is beginning to trend upwards. The COVID-19 pandemic forced office users and owners to sideline their business plans and made tenants reevaluate their office needs. As government restrictions have lifted and vaccines for COVID-19 have become widely available, many companies in Atlanta are going back to the office and the “new normal” for the workplace is here.There have been several notable office announcements …

July 11, 2021Georgia, Market Reports, Office, Southeast, Southeast Market Reports

Ambitious Mixed-Use Projects are Adding New Retail Density Around Atlanta

Atlanta is a city that is always evolving. Even prior to the pandemic, rapid change seemed to be the one constant thing about the market. This continues to be true today; from downtown to the furthest suburban reaches, Atlanta’s retail landscape is vibrant with new brands and ambitious projects.One of the most notable areas of growth in greater Atlanta is the expansion of single-tenant operators, especially quick-service restaurants. New national players such as Whataburger and Raising …

July 5, 2021Georgia, Market Reports, Restaurant, Retail, Southeast, Southeast Market Reports

Investors are ‘Swarming’ Atlanta’s Multifamily Market, Driving Pricing Up

Atlanta is a hot spot for investing in multifamily assets as the market emerges from the COVID-19 pandemic. The apartment market’s fundamentals, including occupancy and rent growth, have held up considerably well, making the market extremely attractive to buyers.Because the Atlanta market has an abundance of capital looking to be deployed, prices are being driven up significantly and cap rates driven down. Multifamily has outperformed many other commercial real estate sectors during the …

June 28, 2021Build-For-Rent, Georgia, Market Reports, Multifamily, Southeast, Southeast Market Reports

Latest Shift in Atlanta’s Industrial Landscape: Mid-Sized Deals are All the Rage

While retail and office have had to adjust to a COVID-19 world, industrial has been the beneficiary. E-commerce, supply chain and last mile delivery are all the rage. But what has really gotten economic development leaders, elected officials and the media excited are the massive warehouse deals in cities like Atlanta that have created headlines and driven investor capital to industrial.Atlanta didn’t even truly get into the big-box industrial development game until 2004. From 1960 to 2006 …

April 5, 2021Georgia, Industrial, Market Reports, Southeast, Southeast Market Reports

NAI: Atlanta’s Office Market is Going to be ‘Just Fine’ as New Developments Come on Line

By Claire Blevins and Collin Devaney, NAI Brannen Goddard We’ve all seen the depressing commercial real estate news stories about the state of the office market, with words like “bleak,” “hazy” or “obsolete” in the headlines. Questions surround every major market, including Atlanta — a metro market known for its dependable economy and robust demand. Admittedly, Atlanta has had its struggles during the pandemic, like slow leasing activity and rising rental rates, but not …

January 11, 2021Georgia, Market Reports, NAI, Office, Southeast, Southeast Market Reports

Robust Absorption and a Record Deal Bode Well for Atlanta’s Office Sector

Commercial real estate sentiment has returned to pre-pandemic levels, according to NAIOP’s fall 2021 survey. Those views are good news for the commercial real estate industry generally, and the metro Atlanta office market is helping to provide some impressive specifics behind the rising optimism. At 2 million square feet of office space, Atlanta led the country in positive absorption in third-quarter 2021, approximately 700,000 square feet ahead of No. 3 market New York City, according to …

January 10, 2021Georgia, Market Reports, Office, Southeast, Southeast Market Reports

Atlanta’s Office Market is Going to be Just Fine as New Developments Come on Line

We’ve all seen the depressing commercial real estate news stories about the state of the office market, with words like “bleak,” “hazy” or “obsolete” in the headlines. Questions surround every major market, including Atlanta — a metro market known for its dependable economy and robust demand. Admittedly, Atlanta has had its struggles during the pandemic, like slow leasing activity and rising rental rates, but not everything is doom and gloom. New City Properties, in the middle …

December 7, 2020Georgia, Market Reports, Office, Southeast, Southeast Market Reports