Snapshots

Vacancy Rates in Atlanta CBD trending downward

Downtown rates decreased as the area undergoes revitalization

July 17, 2019
  • Direct vacancies in Downtown, Midtown, and Buckhead decreased 5.5%, 4.7%, and 4.1%, respectively, from Q1 2013 to Q1 2019.
  • From Q2 2017 to Q1 2019 Downtown decreased 3.4%. Buckhead remained fairly constant decreasing only 0.1%. While Midtown had a brief decrease from Q2 2017 to Q1 2018, rates experienced an overall increase of 4.3%.
  • Downtown rates decreased as the area undergoes revitalization. Buckhead has plateaued with a lack of new construction. Midtown has increased because of new developments coming to market.

Source: JLL Research

Like what you read?

Subscribe

You may also like

A decade in review - San Francisco outpaces the rest of the United States in rent growth
We did it…one-million new jobs in DFW!
Silicon Valley office transaction activity outperforms previous 3 years
Market development moving full steam ahead
NYC construction starts decelerate following prolonged supply expansion in a cost-burdened market
Q4 2019 Indianapolis office market at a glance…
Philadelphia: Conshy, Radnor, KoP experience prosperous decade while Bala, Valley Forge, and Central Bucks stagnate
Los Angeles’s strong job market sweeps away excess office space
Despite a slight uptick in total vacancy in Q4, the Puget Sound office market remains the 3rd tightest in the country
As San Francisco real estate market becomes more difficult to enter, subleases are increasingly becoming more attractive
In the last decade San Jose ranked highest across the Mid-Peninsula and Silicon Valley for number of patents
DFW’s consistent industrial job gains have transformed the sector over the last decade
Charlotte 2020: new decade, continued industrial growth
LA’s Westside and Hollywood markets tighten and new supply appears to do little to mitigate insatiable demand
Amongst the largest CBDs, Philadelphia has the 2nd lowest construction rate relative to total inventory
Indianapolis Q4 2019 industrial market at a glance…
San Diego homes near main job clusters see highest appreciation
The main event: Orange County economy 2007 vs. 2019; the tale of the tape shows economic expansion
2020 Census will provide clarity on City of Philadelphia’s growth relative to its peers
The rise of Downtown San Jose
2020: Office absorption, construction, rent signal further market expansion
Orange County home sale price appreciation is the lowest in the region
Hudson Yards and surrounding developments leasing drives “Silicon Valley East” in New York City
As trophy assets hit the market, more institutional owners turn to San Francisco
In Silicon Valley, skilled, foreign workers find opportunity in big tech
Portland’s hottest new hood: The Stadium District
Tech sector in Downtown Chicago reconsiders Class B product in 2019
Uptown will continue to evolve dramatically as Dallas’ premier urban work, live, shop & play environment!
Industrial rent growth slowing down, but still growing in East Bay
Chicago rents have historically been resistant through a recession
Slower rent growth and increased tax transparency benefiting the Chicago suburban office market
Extreme discount retailers are thriving in greater LA
Philadelphia’s largest gain in advanced degree jobs has been among healthcare practitioners
How affordable is the Silicon Valley? And what tech companies are doing to help solve the housing crisis
Why OC? It boasts the highest median income and lowest unemployment rate in the SoCal region
Retailers focusing on showroom concepts drive down Manhattan apparel lease size
Supermarkets expanding and experimenting to capture Philadelphia’s growing consumer base
Atlanta leasing activity focused in Midtown, North Fulton, and Central Perimeter submarkets
Los Angeles’s least expensive homes have appreciated the most since 2016
Volume of ground-up and redevelopment office projects in San Diego “catching up” to historical decade cycles
Dallas Central Expressway – still affordable, despite neighboring submarkets helping drive recent rent gains
Technology maintains dominant position as Seattle’s fastest growing sector by job openings
Charlotte Douglas International Airport drives the local economy in more ways than one
Inland Empire construction costs rising, but rent growth keeping developers bullish
DFW’s airports – their importance as an economic driver can’t be overlooked!
Developers in Seattle continue to build further south of the industrial core in Pierce and Thurston County
Tech’s presence in Manhattan has grown exponentially in the past decade
Philadelphia 18-34 year-old population remains steady while many other large cities see a decline
In Maryland’s suburbs, mixed-use office sees rent premium to traditional suburban office product
Newest Dallas CBD & Uptown apartments getting a significant rent premium – but taking time to lease-up