Atlanta office space for rent continues to climb the first quarter of 2010
Atlanta Office Market is a rise in vacancies to see unemployment, especially in the contracting business and higher. Vacancy rates are seen up 20%, its highest level since the collapse of the dotcom era. The unemployment rate in Atlanta was also increased to 10.8%.
total leasing activity tend to stabilize the market. However, a new building with deliveries Phipps and Buckhead 3630 Peachtree Tower sent submarket vacancy of 29%. Buckhead Class A office market for tenants only better looking over new buildings, class A, because they offer more attractive options than the old building of the Class A
The recession will affect all markets and all sectors. When we increase the unemployment see continued increased vacancy rates and rents have fallen. The owners are willing to work with shorter maturities in order to receive over the next two years, the anticipation of a turn around in 2011 or 2012.
tenants with good credit have the flexibility and the many options found on the market. Although short-term leases are more common, a tenant can really enjoy a soft market with setting a long-term lease of seven years or more. This can be with the tenants that are able deliver a clear vision of long-term strategy of the company seen, and in coordination, aligning their real estate needs of its strategic plan.
We see an opportunity to save significantly on the entire room cost. There are many possibilities for the expansion of space, increasing the square footage and even pass a building of Class B to a class of a building. It is important to carefully re-evaluate your current lease with exercise, some owners are financially unstable.
office space in Atlanta