News
TRENDING THRU 2011
January 4, 2012
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| Our top 10 list highlights one of the most prevalent trends in 2011: The continuing malaise of Atlanta's Class-A office market. While there were many big deals done, it did little to eat away at the nagging vacancy rates. According to Cushman & Wakefield, Atlanta Class-A landlords saw more than 720k SF in positive absorption, but the vacancy remained stubbornly high at 22.2%. That's because tenants mainly played musical chairs, says Cushman & Wakefield's Ken Ashley (snapped at a recent Kansas City Royals ballgame with son Jonathan). | |
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| Another big 2011 trend concerned the very heart of the CRE industry:New players to Atlanta and high-profile personnel moves. (We have to learn not to tease the new kids on the block.) This trend was capped in November when Clark Gore (above) jumped from JLL to head up the newly-established office of Cassidy Turley. That was even a big change in and of itself, with Carter selling its brokerage unit to the national company. Then came the big breakup between Hal Barry and Chris Schoen. Chris, of course, is now partnered with Greenstone Properties' De Little. Other new players to the market in 2011 include Avison Young, which tapped Steve Dils to lead it locally. |
