Negative absorption for Q3 in Atlanta, but conditions hold steady
Absorption turned negative this quarter, but remains positive year-to-date at 549,539 square feet.
November 13, 2019
- Absorption turned negative this quarter, but remains positive year-to-date at 549,539 square feet.
- Large move-outs from tenants such as General Electric, Oldcastle Infrastructure, FEMA, State Farm, and Georgia State University accounted for over 350,000 square feet of negative absorption.
- These move-outs were heavily centered in the Northwest and Central Perimeter submarkets, though are not indicative of those submarkets’ overall health.
Source: JLL Research, US Dept. of Health and Humans Services