Wednesday, April 22, 2015

More Atlanta building owners poised for robust — if not record — years ahead

As Atlanta’s office market continues to heat up, tenants in the market are finding fewer class A options. The available options are 20 to 30 percent more expensive than they were just 24 months ago, factoring in rental rate increases and concession decreases. Accordingly, real estate services company Jones Lang LaSalle Inc. (JLL) expects that the class B recovery, which has been lethargic over the past two years (only 578,000 square feet of class B city-wide net absorption versus 3.84 million…

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