ATLANTA—"Took off running." That's the phrase Cushman & Wakefield used to describe Atlanta's office market in the first quarter of 2014.
The firm's latest research reports vacancy dripped 19%. At the same time, increased occupancy gains momentum translated to a 20 basis point decrease in vacancy from the end of 2013 and a 120 year-over-year basis point decrease.
In fact, according to C&W Research, absorption for the first quarter of 2014 totaled 816,305 square feet. That's the strongest quarterly absorption the Atlanta market has seen since the third quarter of 2012—and almost double the absorption the market posted during the last quarter of 2013.
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