GA - Athens
GA - Atlanta Greater MSA
DEMOGRAPHICS
MARKET HIGHLIGHTS
DEMOGRAPHICS
MARKET HIGHLIGHTS
Athens-Clarke
County, GA
1,031
193,495
•;Notable commercial growth
includes the opening of a new
LEED certified downtown Athens
parking deck. The 265,000 SF
facility includes 540 parking
spaces, as well as Retail space,
Offices, and a rooftop garden.
The project represents the first
public-private partnership in
Athens.
Atlanta-Sandy
Springs
Marietta, GA
8,376
5,521,582
•;The Atlanta Office market ended
2011 with its strongest quarter
of Office absorption in 4.5 years.
Office occupancy increased by
556,476 SF in the fourth quarter,
bringing the 2011 year end
total to just over 811,000 SF. All
space types and the market as a
whole are 17.8% vacant.
77,486
•;New tenants include Waffle
House, Fuzzy’s Taco Shop,
Yoforia, Momma Goldberg Deli
and Partner Software.
2,028,400
$57,618
•;Buckhead led all Atlanta Office
submarkets, accounting for
almost all of 2011’s space
absorption. Six of the top ten
largest move-ins of the year
occurred in the fourth quarter.
$77,990
60,760
7.3%
•;Commercial growth is expected
in Oconee County along the
newly completed Oconee
Connector/Jennings Mill Pkwy
extension off GA Hwy 316. The
Georgia DOT helped fund the
$13.6 million project, which has
already resulted in developers
submitting plans for future
commercial projects.
2,223,339
•;Atlanta 2011 year-end market
construction was up in Office,
Retail and Industrial.
9.4%
(706) 354-7870
www.upchurchrealtycommercial.com
CONTACT
•;InComm doubled its 90,000 SF
downtown space; Regions Bank
consolidated from multiple
Offices across the market into
80,000 SF at Atlantic Center
Plaza in Midtown; and the
Reznick Group consolidated
Offices into 77,049 SF in
Buckhead.
Coldwell Banker Commercial
Upchurch Realty
Coldwell Banker Commercial
Metro Brokers
2405 W. Broad St.
Athens, GA 30606
(678) 320-4800
www.cbcworldwidemetro.com
CONTACT
3575 Piedmont Rd. N.E.,
Piedmont Center, Bldg. 15,
Suite 950
Atlanta, GA 30305
•;The foremost trend in the Office
market in 2011 was the flight
to quality by tenants. Tenants
chose Class A properties
overwhelmingly, taking
advantage of favorable rental
rates and absorbing over 1.6M
SF of space in 2011.
OFFICE
RETAIL
OFFICE
RETAIL
Vacancy
N
Vacancy
Q
Vacancy
Q
Vacancy
Q
Absorption
N
Absorption
N
Absorption
P
Absorption
N
Rental Rates
Q
Rental Rates
Q
Rental Rates
N
Rental Rates
Q
INDUSTRIAL
MULTI-FAMILY
INDUSTRIAL
MULTI-FAMILY
Vacancy
N
Vacancy
P
Vacancy
Q
Vacancy
Q
Absorption
N
Absorption
N
Absorption
Q
Absorption
P
Rental Rates
N
Rental Rates
P
21 Rental Rates
P
Rental Rates
N
