It’s supposed to be a horrible year for commercial real estate. So it’s nice to read a story by AJC reporter Gertha Coffee saying the situation might be stabilizing for metro Atlanta’s office market.
“We’re seeing a lot more leasing activity, a lot more deals being worked on,” Scott Amoson, director of research for Colliers International in Atlanta, told Coffee. “We’re cautious about saying it will happen throughout the year. The thinking is we will see a bigger recovery next year.”
The market shows signs of stabilizing, according to first quarter reports released by Colliers and other major commercial real estate firms, Coffee writes.
Move-ins exceeded move-outs, with total occupancy increasing by 38,638 square feet, according to Colliers.
“It was very modest,” Amoson said, “about a floor and a half in a typical office building.”
Modest improvement is better than going in the other direction.
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