According to the National Association of Realtors commercial real estate outlook for the Atlanta-Sandy Springs-Roswell, Georgia area, Q4 2020, the market is modest. The NAR found the following:
“The apartment sector is experiencing faster rent growth than nationally. There is a loss in office occupancy and office rent growth is weaker than nationally. In the industrial sector, the industrial vacancy rate is higher than nationally and more construction is underway than nationally. Its retail trade jobs are growing faster than nationally. In the hotel/lodging sector, leisure and hospitality jobs are shrinking. There is a higher share of business openings than nationally. In 2019, the area experienced net in-migration.
Commercial transactions are likely to pick up in the second half of 2021 and in 2022 as more people get vaccinated and more businesses open. Higher fiscal spending and monetary accommodation will boost growth nationally and in the area.”
|Economic Indicator||Q4 2020||Q3 2020||Q4 2019|
|Office asking rent per square foot||$28.0||$28.1||$27.1|
|Multifamily rental vacancy rate||7.7%||5.8%||5.9%|
|Industrial asking rent per square foot||$4.9||$4.6||$4.5|