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Regional Summaries

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Atlanta, GA

Apartment
In early 2016, the Atlanta apartment market vacancy rate fell below 4.0%, where it has remained since; it closed the year at 3.8% in a 10-basis-points increase from the quarter before. At $1,089 and $984 per month, asking and effective averages for the fourth quarter were up 1.2% and 1.1% from the quarter before marking the smallest single-quarter rates of increase seen in this market since the first quarter of 2015 and the fourth quarter of 2014, respectively. Growth rates for 2016 all told were 7.1% asking and 6.9% effective. VIEW APARTMENT LISTINGS >
Industrial
Atlanta’s 353.1-million-square-foot warehouse/distribution market vacancy rate ended the fourth quarter of 2016 at 12.0%, a decline of 50 basis points for the period alone and a loss of 40 all told for the year. With modest increases reported for 2016, rent growth in the warehouse/distribution space market has been positive, steady, and substantial through the recent period. Gains of 2.9% and 3.3% are reported for the average asking and effective rates for the year, up from the 2.2% and 2.8% increases reported for 2015. At $3.86 psf and $3.43 psf, mean asking and effective rates in the fourth quarter of 2016 were up 1.0% and 1.2% for the period. VIEW INDUSTRIAL LISTINGS >
Office
The vacancy rate in the Atlanta general purpose, multi-tenant office market had fallen only as far as 18.0% by the end of 2016. Just a quarter earlier, however, it was 70 basis points higher. Rent gains of 4.4% and 4.6% reported respectively for the average asking and effective rates for 2016 represented the highest rates of increase reported by Reis for this market since 1996. At $24.04 psf and $19.06 psf, respective average asking and effective rates for the final quarter were up 0.8% each for the period. VIEW OFFICE LISTINGS >
Retail
The Atlanta community-neighborhood shopping center market vacancy rate by the end of 2016 had declined to 11.1%, a loss of 20 basis points for the period and a loss of 80 for the year. At $18.34 psf asking and $16.06 psf effective, respective average fourth quarter 2016 rates were up 2.9% and 3.0% for the year. Gains for the latest quarter alone were 0.7% for both averages. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

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