Key Takeaways

  • The current vacancy rate of 8% is the lowest since 2005.
  • Rental rates have remained steady in the $12 per square foot range for the last 3 years.
  • Macroeconomic conditions in Atlanta continue to be positive with the unemployment rate down to 4.9% from 5.3% a year ago and the Atlanta consumer price index up 3.2% year-over-year. The Atlanta economy added 24,000 jobs through the first six months of the year. Other than 2014, this is the most for the first-half of the year since 1999.
  • The submarkets with the most demand thus far in 2017 include; Dekalb Retail, Buckhead Retail, West Metropolitan Retail and Gwinnett Retail.