Georgia Archives | REBusinessOnline

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, 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

Landlords, Retailers in Metro Atlanta Impacted by COVID-19 Seek Middle Ground in Lease Negotiations

The financial impact the COVID-19 economic shutdown is having on tenants and landlords is a difficult mix of immediate drastic reduction (or elimination) of revenue, along with little or no ability to forecast when the end will come. This combination of severity and unclear duration makes finding potential win-win compromises a real challenge for tenants and landlords in the metro Atlanta area.[caption id="attachment_261983" align="alignright" width="100"] Greg Eisenman, Franklin …

May 6, 2020Georgia, Market Reports, Restaurant, Retail, Southeast, Southeast Market Reports

Atlanta Industrial Market ‘Falls Together,’ Averaging 57 MSF of Leasing, Sales

In the words of Marilyn Monroe, “Sometimes good things fall apart so better things can fall together.” The retail market forges ahead in its quest to essentially reinvent itself in response to the ever-increasing growth in online sales. This revitalization is characterized by decreasing the footprint of their brick and mortar stores and expanding the size of their e-commerce fulfillment centers. Fortunately, the biggest beneficiary of this growing trend is the industrial market. There’s …

December 4, 2019Georgia, Industrial, Market Reports, Southeast, Southeast Market Reports

Retail Investors View Atlanta as a Looming Gateway Market, but More Affordable

As we enter the last quarter of 2019, well into the longest economic expansion in history, the Atlanta retail real estate market is healthy and active, with multi-year retail rent and occupancy growth. The city’s retail investment sales volume totaled $2.2 billion in 2018, making it the eighth most active retail investment market in the country. Not a gateway market, yet In my career, Atlanta has always been a “non-institutional” market, and has stayed largely off the radar of deep …

December 2, 2019Georgia, Market Reports, Retail, Southeast, Southeast Market Reports

Forget Atlanta — Capital Cascades into Georgia’s Secondary and Tertiary Markets

Georgia’s secondary and tertiary multifamily markets continue to demonstrate growing attraction as capital flows from investors leaving the Atlanta metro area in search of higher yield transactions. The greater Georgia market, which spans the state excluding the 29-county Atlanta metro area, has become a destination for investment due to growing capital inflows to the Southeast and cap rate compression in metro Atlanta. Multifamily transaction volume in the Southeast totaled $11.8 billion in …

November 27, 2019Georgia, Market Reports, Multifamily, Southeast, Southeast Market Reports

South Downtown Atlanta is on Fire (Again) with $10B in New Developments

In 1864, General William T. Sherman burned Atlanta to the ground, including the area around the Zero Mile Post marking the terminus of the Western & Atlantic Railroad. Now, 155 years later, South Downtown is on fire again but this time, it is as one of the hottest development submarkets in the Southeast. With the still-active downtown rail yards at its center, more than $10 billion in new development is either completed, under construction or in the planning stages. This “Downtown Ring …

November 13, 2019Georgia, Market Reports, Mixed-Use, Southeast, Southeast Market Reports

Main Street’s Retail Resurgence is Well Underway Across Metro Atlanta

Main Street is making a comeback, and this is not news by any means. This growing trend is not only affecting real estate in the greater Atlanta area, but also throughout the United States. Main Street’s demise began with the design of President Eisenhower’s interstate highway system. It allowed travelers to bypass once sustaining rural towns and divided urban cities in their hearts. In Atlanta, it’s easy to notice with the unconscionable prejudice that comes with the interstates that …

July 22, 2019Georgia, Market Reports, Retail, Southeast, Southeast Market Reports

From Perimeter to Peachtree, Atlanta’s Office Market is Gaining Momentum

8West. Star Metals. Coda. These are the some of the names of Atlanta’s biggest office developments and the city’s largest undertakings. Measuring more than 1 million square feet of Class A office space between them, Midtown Atlanta’s skyscraper scene is about to be drastically altered. The gravity of these major mixed-use properties, along with the allure of top talent at nearby universities like Georgia Tech, gives the Midtown submarket an increase in both developer activity and …

July 15, 2019Georgia, Market Reports, Office, Southeast, Southeast Market Reports

Atlanta’s Industrial Market Reaches All-Time Low Vacancy, Despite Strong Pipeline

The industrial market in Atlanta continues to surge, benefitting not only from its role as a key regional distribution hub, but also from the rapid growth in the metropolitan area itself. Atlanta is the economic engine of the Southeast, which also happens to be the fastest growing region in the country. The Atlanta industrial market recorded just over 18 million square feet of net absorption in 2018, the second highest total on record following the 21 million square feet absorbed in 2017. The …

July 8, 2019Georgia, Industrial, Market Reports, Southeast, Southeast Market Reports