Search
 

Atlanta Medical Office Market on an Occupancy Rip

“There has been a lack of significant new medical office development over the past decade…”

By Jennifer LeClaire | Updated on February 12, 2018

Keith Pierce, director of Research for the Southeast US, Transwestern Keith Pierce, director of Research for the Southeast US, Transwestern

ATLANTA—Atlanta’s medical office market tightened throughout 2017 as vacancy decreased from 10.1% in the third quarter to 9.7% at the close of the fourth quarter. These numbers mark the Atlanta medical office market’s lowest level in more than a decade.

That’s according to Transwestern‘s fourth-quarter 2017 Atlanta medical office market report. What’s more, the decline in vacancy was due to very strong demand with annual absorption at 639,378 square feet, the market’s highest level since 2008, coupled with a low level of new deliveries amidst Atlanta’s growing economy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.