Key Takeaways

  • Traditional, new construction remains virtually non-existent throughout Atlanta while adaptive reuse projects have continued to trickle into the supply with best in-market demand growth quarter after quarter.
  • Loft/ Adapative Reuse office comprises approximately 2% of the total Atlanta office supply, but remains in a robust expansionary phase fueled by tenants seeking unique space in order to hire top of class talent.
  • Loft Office Market across Metro Atlanta continues to evolve as the demand from today‚Äôs companies and workforce look for unique environments, creative spaces, nearby amenity offerings and experiences.
  • Look for continued expansion of micro markets providing office options as the city grows and neighborhoods, amenitites and walkability continue to be important requirements.
  • Vacancy has remained stable over the last 4 quarters as new developments delivery and lease signings have remained consistent. Current vacancy percentage within the adaptive reuse market approximately 4.0 million square feet is 16.7% ending 2nd Quarter 2017.