Vacancies Are Down, Demand Is Up
According to Collier’s, the number of vacant offices in Atlanta declined steadily in 2016—leading to the lowest vacancy rate (13.7%) the Atlanta commercial market has seen since 2007.
But even more impressive is the fact that Class A vacancy is the lowest it’s been in Atlanta since 2001. Atlanta delivered 22.5 million square feet of new industrial construction last year—the most the area has seen since 2006, and the most industrial space added in the nation in 2016.