The Atlanta Office Market enjoyed its first quarter of positive absorption in over 18 months, with 177,000 SF of absorption. Headquarter relocations, tenant expansions and new industry growth have been the biggest drivers of this year’s positive activity. Despite the improvement, Atlanta’s vacancy still hovers near a record rate at 19.6% with 39.3 million...
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This was the headline of a recent Wall Street Journal article and I couldn’t agree with it more.  I’ve personally seen leasing activity pick up, a lot, from where we were last year.  However, despite the new activity, the vacancy rate here in Atlanta has continues grow.  Why?  A very simple reason and something...
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Below is a video interview with Atlanta’s Mayor Kasim Reed.  Fox Business did a great job asking him tough questions, and Mayor Reed did a really nice job answering the questions as well.  Side note:  Interviewer, Chris Cotter, is a fellow Wheeler High School grad…  Good to see that he is doing well.
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Good thing we represent Office Tenants, and not Building Owners here in Atlanta.  Office tenants in control for years to come was the headline of a recent blog post from the AJC.  It is one that I believe an office tenant in Atlanta will continue to hear for the next couple of years.  However, the...
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Below is a video from CNBC that states “best discounts in decades” in the office market. Airtime: Mon. Aug. 16 2010 | 6:30 PM ET The U.S. commercial office market is offering the best discounts in decades, notes Phillip Blumberg, chairman & CEO of Blumberg Capital Partners. He shares his analysis, with CNBC’s Martin Soong,...
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Not very often do I deviate from blogging about Office Space, or Office Space in Atlanta.   However, I read the below except from the book “Marketing Lessons from the Grateful Dead” and wanted to share it with you. But, before I share, let me further explain why I want to share the excerpt.  I’ve blogged about...
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This announcement is about to be one of many for larger law firms here in the Atlanta Office Market.  Below is a list of “larger” law firms that either are in the market right now looking for new office space or have just signed office leases.  -Arnall Golden Gregory -Epstein Becker & Green -Alston &...
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Although the economy finished the quarter on a sluggish note, leasing activity remained relatively robust through the April-June period, helping to stabilize market fundamentals after a prolonged period of weakening. Both Canadian and U.S. vacancies rose during the quarter although the latest increases were relatively muted. Demand was mixed, with U.S. markets only recording...
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Colliers’ 10th annual North America Parking Rate Survey again indicates that even in the face of economic hardship, parking garage owners and operators have managed to hold ratessteady, providing little relief to businesses or consumers. Over the past year Canadian and U.S. parking rates both registered little change, highlighting the high degree of stability...
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Good question.  When will our Office Market hit bottom?  As I has mentioned in an earlier blog post, Atlanta has 39.3 Million Square Feet of vacant office space right now.  Time, MSNBC, Fortune All Proclaim Commercial Real Estate Recovery, but does that mean Atlanta?  In my personal opinion, I don’t believe that the concessions...
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