Recession Leaves Atlanta More Efficient

Efficiency

Despite being one of the last major markets to emerge from the recession, Atlanta has bounced back from its 2010 lows stronger and with more solid fundamentals than were seen pre-recession. One of the largest trends to sweep through the market during this recovery is more efficient use of office space; technology has enabled companies to do a lot more with a lot less space. Despite lower SF-per-person averages than before the recession, the Atlanta market saw more than 700,000 SF absorbed in Q1 of 2014 alone and developers are anxious to add more space to the tightening market. Historically, the first developers to break ground and deliver during a new cycle are the most successful and the ones that jump in a little later tend to struggle post-delivery. With the decreasing amount of SF per person, buildings that accommodate denser parking will benefit.

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