LIGHT AT THE END
How can we say that the 52K SF of negative net absorption in 3Q across the Atlanta office market's 142M SF of inventory is cause for mild celebration? Consider in the same period last year, we lost nearly 500K SF.
|Hines' John Heagy tells us there's some even more apparent good trends coming out of the latest numbers. Class A properties saw 112K SF in positive absorption this quarter and subleases continue to be chipped away. The Class A/B differences demonstrate how companies continue to take advantage of record-low rates and move up in space quality, John says. "If you watch at some point in the distant future, Class A numbers will trend down again" as the market tightens, he says. If only our fortune cookies could be as specific about our future.|