Office Vacancies in Cobb County have been increasing for most of the past 20 years. The times when rates were not increasing were more in line with stagnation than a decrease. The decrease that did occur between 2011-2016 was relatively small, at about a 6% change over a 5 year period. The office vacancies in […]
The retail vacancies in Gwinnett County have been increasing for most of the century, with an exception of 2013-2017. If you look at the chart, it’s easy to see a strange sharp increase of 10% in early 2001. The vacancy rate then stays around 17-18% for 2001 and 2002, but then has another sharp decrease […]
The Cobb County retail vacancies have been on the rise since the beginning of the century with the only main decrease being between the years of 2012-2017. As with the other counties surrounding Atlanta, it does not appear that the pandemic has had a massive impact on this metric just yet. Vacancies were already starting […]
Below are graphs depicting the vacant square feet and vacancy rates for Gwinnett County office space since 2000. As with most metrics that I’ve studied relating to commercial real estate in and around Atlanta, these vacancies have been steadily increasing since the beginning of the century. They are actually at an all time high right […]
Let’s look at the office vacancies in Fulton County. The vacant square footage, and therefore the vacancy rates, for Fulton County office space are more stable than those of retail space. Office space has had less of an increase in vacancies than retail has since 2000. It will be interesting to see how these numbers […]
Below are two graphs showing the vacancy rates and vacant square feet for retail spaces in Fulton County. Fulton County encompasses a wide area, including downtown Atlanta. I have included a graph with vacant square feet as well as vacancy rates because I think it gives a more holistic view of what is really happening […]
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 […]
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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