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Report: Atlanta Office Leasing Shifting Out of Slow Gear

ATLANTA-Jones Lang LaSalle reports that most of the Atlanta metro’s best addresses can still be had at a discount.

By Jennifer LeClaire | Updated on July 10, 2012

ATLANTA-Overall leasing activity in metro Atlanta has still not shifted out of low gear and the volume of office rental transactions recorded so far this year has been clocking in at a laggardly pace. So says Jones Lang LaSalle’s latest Office Highlights report for the second quarter.

JLL reports that leasing volume was down just slightly from first quarter with 2.9 million square feet of activity signed for in the second quarter. And while tour activity is up from where it was in 2010 and early 2011, JLL’s research shows the tenant pipeline for activity that would bring net new growth to Atlanta remains lackluster.

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