Creative Loft Adaptive Reuse Market in Metro Atlanta in High Demand
Author: Scott Amoson
- 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’s 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.