Subletting properties has become very popular recently. A sublet is the leasing of a property to someone other than the main tenant. Also known as subleases, these are very popular in college areas with students who need to fill their apartment during a semester when they will not be in the area. Subletting allows someone […]
The total square footage of vacant retail and office space in Metro Atlanta has been increasing for the past few years. Because of the current pandemic and subsequent lock-downs, those numbers are only continuing to increase. Below are graphs depicting the changes in vacancies in retail and office space over the last 20 years. I […]
It’s no surprise that buying and selling houses has changed during this pandemic. It’s hard to say if these new practices will remain in place in the future or if things will go back to the way they were before COVID-19 hit. I suspect that at least some things will be forever changed, such as […]
The United States had a total of 8.5 billion retail square feet as of December 2019. This equals 24.5 square feet per capita, which is very high, especially compared to the European average of 4.5 square feet per capita. Metro Atlanta has 16.3 retail square feet per capita. The below chart shows a comparison of […]
Because “Metro Atlanta” encompasses such as wide range of counties and cities, I decided to break down the commercial real estate sector by county to get a more specific analysis. I chose to look at Fulton County, Gwinnett County, Cobb County, and Dekalb County. These counties are geographically the closest to the city of Atlanta […]
The below charts show the amount of available square feet of retail space for Fulton, Gwinnett, Cobb, and Dekalb Counties for the past 15 years. “Available square feet” in this case means the quantity of square feet available for lease or sale. This does not include any properties that are occupied and are not on […]
The charts below show the amount of available office space for the four counties in and around Atlanta that I chose to highlight. “Available square footage” means the square footage that is available for lease or sale, not total square footage. Total square footage would include properties that are not for lease or sale, and […]
Let’s look at rent prices per square foot for office space in Fulton, Gwinnett, Cobb, and Dekalb counties. Below are charts depicting those regions’ rent prices for the past 20 years. Rent per square foot data from CoStar Group Office rent prices seem to be more erratic than retail rent prices in each county. Though […]
Let’s compare retail rent prices per square foot for Fulton, Gwinnett, Cobb, and Dekalb Counties. The chart for each county is below, followed by an analysis of what this might mean in regards to COVID-19. Rent per square foot data from CoStar Group Though there hasn’t been a drastic change for each county over the […]
The real estate market is really all over the place right now. Click here to learn more about what experts are saying about the future of commercial and residential real estate.
Photo of an undetermined Georgia Tech home game during the 1918 college football season. That's when the sport was hit by the Spanish flu and the end of World War I.
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