Key Takeaways

  • The nearly 1.9M SF of space absorbed by the Atlanta retail market YTD has surpassed the total absorption of 2016 and is on pace to exceed the 2.3M absorbed in 2015. The high water mark of this cycle will continue to be 2014 when over 3M SF was absorbed.
  • The vacancy rate has decreased for the 18th straight quarter, down to 8%. Atlanta’s vacancy rate has not been below 8% since 2005.
  • The average rent in Atlanta is above $13/SF for the first time in 3 years.
  • Macroeconomic conditions continue to be positive as Atlanta’s unemployment rate is 4.6% and wage growth is at 3.4%.