Atlanta's retail market shifted from despair to elation in a single quarter as retailers from April to June soaked up nearly all the square footage abandoned during the height of the coronavirus pandemic. The leasing rebound is indicative of Metro Atlanta's burgeoning population growth and strong economy coming out of the pandemic-induced recession, retail real estate experts told Bisnow. But many say they aren't holding their breath that the market will remain this strong throughout the rest of the year.
Retailers leased 1M SF more than they emptied — a dynamic known as positive net absorption in the commercial real estate industry — between April and June of this year, according to a report by the brokerage firm Lee & Associates. From July of 2020 to March of this year,… Read the full story here. |