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Market Reports

2024 3rd Quarter Market Reports

a long hallway with many bookshelves

Atlanta Industrial Market: Q3 2024

Atlanta Industrial Market: Q3 2024

The vacancy rate rose 45 basis points since Q2 to 8.75% and is up 291 basis points year-over-year. Sublease vacancy...

an empty office with tables and chairs

Atlanta Office Market: Q3 2024

Atlanta Office Market: Q3 2024

CoStar's reclassification of some Class B projects to Class A led to positive absorption in Q3. Year-to-date absorption is now -1.7 MSF, driven by...

2024 2nd Quarter Market Reports

a large warehouse with many boxes

Atlanta Industrial Market: Q2 2024

Atlanta Industrial Market: Q2 2024

Atlanta Industrial is the tale of two markets: northern submarkets vs. southern submarkets. North of I-20, submarkets have a...

a room with a desk and chairs

Atlanta Office Market: Q2 2024

Atlanta Office Market: Q2 2024

The Atlanta office market had its best quarterly absorption since 2022, and with several large office leases signed in Q2 it bodes well for...

a man in a white coat

Atlanta Medical Market: Q2 2024

Atlanta Medical Market: Q2 2024

After several notable deliveries, such as Science Square Labs, Atlanta Medical office has seen vacancies rise 80 basis points since Q4-2023. Net absorption...

2024 1st Quarter Market Reports

a warehouse full of boxes

Atlanta Industrial Market: Q1 2024

Atlanta Industrial Market: Q1 2024

Atlanta's industrial market showed distinct trends across sectors. Problem markets persisted along 985 & North 85, notably...

a room with computers and people

Atlanta Office Market: Q1 2024

Atlanta Office Market: Q1 2024

Atlanta's office market continues to shed space. With CNN leaving CNN Center, net absorption dropped 933,516 SF, Class A added 109,617 SF, while...

2023 4th Quarter Market Reports

a train station with blue doors

Atlanta Industrial Market: Q4 2023

Atlanta Industrial Market: Q4 2023

The Atlanta Industrial market continues to move towards normal vacancy range, rising to 7.5% with 33 MSF of newly-delivered buildings. While net absorption...

a kitchen with a sink and a toilet

Atlanta Medical Market: Q4 2023

Atlanta Medical Market: Q4 2023

The Atlanta Medical Office market continues to be a bright spot. Net absorption has been strong, topping 350,660 SF and dropping the vacancy rate to 11.1%. Medical absorption...

an office with a few chairs

Atlanta Office Market: Q4 2023

Atlanta Office Market: Q4 2023

While net absorption of space directly from Landlords was positive (290 KSF), sublease space net absorption was negative (-544 KSF), causing the overall net absorption to...

a white building with a clock on it

Savannah Industrial Market: Q4 2023

Savannah Industrial Market: Q4 2023

Space under construction has gone from 21.8 MSF in Q2 to 12.4 MSF at year end - 56% drop in activity. The vacancy rate rose from...

2023 3rd Quarter Market Reports

a group of people working in a warehouse

Atlanta Industrial Market: Q3 2023

Atlanta Industrial Market: Q3 2023

The rental rates are almost $1 less than northern Atlanta at $8.22 vs. $9.26. There has also been a flight to newer builds (1994 or later), with YTD net absorption of 5.13 MSF...
a boat on the water

Savannah Industrial Market: Q3 2023

Savannah Industrial Market: Q3 2023

  • 50% of the market SF is within 5 miles of the port entrance.
  • Rental rates are up 62% in the last 5 years.
  • And more...
a tall building in a city

Atlanta Office Market: Q3 2023

Atlanta Office Market: Q3 2023

Return-to-office mandates have not slowed the shedding of office space by tenants. Sublease options also increased to the highest amount of space available ever recorded...

2023 2nd Quarter Market Reports

a warehouse with shelves and boxes

Atlanta Industrial Market: Q2 2023

Atlanta Industrial Market: Q2 2023

After 12 straight quarters of industrial net absorption growth, the Atlanta market pulled back in Q2 with a (451,261) SF, and the vacancy rate rose 70 basis points. It also marked the eighth straight quarter with over 30 MSF of space under construction...

a fountain in a park

Savannah Industrial Market: Q2 2023

Savannah Industrial Market: Q2 2023

  • 53% of the Savannah Ind. market is within a 5 Mi. radius of the port entrance.
  • Net absorption of 5 MSF year to date, which is 5% of the market.
  • And more...
a city with tall buildings

Atlanta Office Market: Q2 2023

Atlanta Office Market: Q2 2023

1.7 MSF, after Q4-2020 (-1.9 MSF) & Q1-2021 (-3.1 MSF). Year to date the market is a negative 2 MSF in absorption and on pace for one of its worst years ever. The vacancy rate climbed 100 basis points in a quarter while rental rates continue to rise....
a room with a table and chairs

Atlanta Medical Market: Q2 2023

Atlanta Medical Market: Q2 2023

The Atlanta medical office marketplace has stayed very well leased, only having one year of negative absorption (2020) since 2018. Current vacancy rates have risen 80 basis points since Q1, partially due to a 102 KSF increase in sublease space...
a building with trees in front of it

2023 Q1 Market Report

Atlanta Office Market 

The Atlanta Office market continues to have a muted recovery. Net absorption has been positive 4 quarters in a row. In the first quarter, CBD had positive absorption over 132,489 SF, while the suburban markets lost 68,682 SF of tenants. Rental rates remained steady from Q4’22 to Q1’23. Under construction and deliveries were also down in the quarter. Both Amazon and UPS are bringing employees back to the office 3 days a week. Workers are coming back slowly, and this will help the office market recovery.

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