“Although 2018 is likely to see the highest level of new deliveries on record in Atlanta, we expect to see more record-low vacancies and moderate rent growth,” says Transwestern's Keith Pierce.
“Suburbanization is having a resurgence, and the period of urban growth and suburban decline may have been a short-term blip," says Rutgers University's Dr. James Hughes.
Sector challenges include an acute amount of uncertainty, both international and domestic, which may exert negative pressure on the performance of the US lodging industry.
“Juncture is one of the highest quality assets in Alpharetta, a submarket which has benefited from job and population growth," says Mesa West Capital principal Ronnie Gul.
In the first quarter, the Orange County vacancy rate increased 80 basis points, and with more companies' rightsizing, the vacancy rate is likely to continue to increase.