State of State

Technology and big corporations are leading the charge out of this CRE recession, says Granite Properties John Robbins (here at a recent event with CoStar's Debra Isgro).I think were in a period of recovery. I think weve seen the bottom, John tells us. John is among the expert panelists speaking at our Atlanta State of Market April 24 at the Ritz-Carlton in Buckhead (tickets available here). Granites occupancy rate is encouraging-- 100 City View, the 249k SF tower in Cumberland--jumped from 70% to 90% leased this past year, and Parkside Terraces jumped to more than 80% from 60%.(Higher occupancy makes it a lot easier to put together a decent game of touch football.)

Another of our panelists, JLLs Rob Metcalf, tells us the office market is where the firm expected it to be in this cycle: The obvious improvements in Buckhead and Central Perimeter will have a ripple effect throughout the entire office market. Tenants have focused on how they can take advantage of the market, and theyre spending capital. He adds JLLs pipeline velocity is on par with the years before 2012, and much more of the business is in the expansion and in-migration category.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Thor Equities Plans $1B Data Center In North Georgia: The Atlanta Deal Sheet

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Solar Projects In Georgia Meet Local Backlash As Data Centers Drive Demand For Power

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient

Sixers And Flyers Unveil Renderings Of South Philly Arena Due In 2030