Intelligence

Regional Summaries

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Atlanta, GA

Apartment
The Atlanta apartment market vacancy rate shed fully 80 basis points in the fourth quarter of 2015 and dropped to 5.0%, lowest on the firm’s records for this market in 15 years. At $988 and $899 per month, asking and effective averages were up fully 5.2% and 5.4% year-over-year in the fourth quarter after gains in the vicinity of 3.5% to 4.0% in each of the preceding two years. Gains for the fourth quarter alone were 1.0% and 1.1%, respectively. VIEW APARTMENT LISTINGS >
Industrial
The Atlanta warehouse/distribution market, last counted by Reis at 343.1 million square feet, reports a fourth quarter 2015 vacancy rate of 12.4%, a decline of 50 basis points for the period and a loss of 140 for the year. Remarkably steady quarter by quarter through 2015, rent growth in the warehouse/distribution space market produced respective increases of 2.2% and 2.8% for the average asking and effective rates for the year. Respective rates for the latest quarter were $3.75 psf and $3.32 psf. Gains for the quarter alone were 0.5% and 0.6%. While declining overall, vacancy in the 50.3-million-square-foot Atlanta area Flex/R&D space market also remains high. At 16.6%, the fourth quarter rate was down 120 basis points year-over-year and was down 40 for the quarter alone. At $6.13 psf and $5.35 psf, fourth quarter mean asking and effective lease rates for Flex/R&D space were up 1.5% and 1.7% year-over-year and 0.5% and 0.6% for the quarter alone. VIEW INDUSTRIAL LISTINGS >
Office
The metro Atlanta general purpose, multi-tenant office market vacancy rate fell to 19.4% by the end of 2015, a decline by 30 basis points since the third quarter and a loss of 40 year-over-year. At $22.88 psf and $18.11 psf, respective average asking and effective rates for the fourth quarter represented gains of 3.3% and 3.4% all told for the year, an improvement from the increases of about 2.0% and 1.0% calculated, respectively, for 2014 and 2013. Gains for the latest quarter alone were 0.8% for both rates. VIEW OFFICE LISTINGS >
Retail
The metro Atlanta community-neighborhood shopping center market vacancy rate was 12.1% by the end of 2015. Declines for the year and for the fourth quarter alone are reported at 70 and 30 basis points, respectively. At $17.78 psf and $15.55 psf, fourth quarter asking and effective averages represented gains of 1.4% and 1.7% for the year. Gains for the quarter alone were just 0.1% and 0.3%. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, inc.

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