Experts: Atlanta Office Should Continue Healthy Trend With Little Spec In 2018, By Jarred Schenke, Bisnow
“Lack of new office development, and a robust pipeline of companies seeking office space, could push Atlanta’s record office rents even higher in 2018. Office rents in Atlanta have reached levels never before seen in the market. Rents have grown, despite there being an even balance between new office supply and demand. Leasing activity this year has been a roller coaster, with the start of 2017 and the third quarter on the slow side. But Amoson said office landlords should end the year in the black with 875K SF in positive absorption, keeping vacancy steady at 13.7% despite more than 2M SF of new offices coming online.”
7 Trends That Could Shape Live-Work-Play City Dynamics In 2018, By Lara O’Keefe, Bisnow
“Cities have already been witness to a number of changes thanks to a rise in technological advances, as well as a slew of social and environmental changes that took place over the course of the last year.”
Economy Watch: Retailers Get a Holiday Gift, By D.C. Stribling, Commercial Property Executive
“This season, sales made their best showing since 2011, thanks to online shopping, early-season promotions and a comeback by some struggling categories. Americans decided to do some spending this year for the holidays, giving retailers–some of whom are a bit glum about 2017–their best holiday season sales since 2011, for an increase overall of 4.9 percent compared with 2016.”
The holidays were ‘a big win’ for struggling retailers as sales soared, By Dennis Green, Business Insider
“Retail sales from November 1 through Christmas Eve were up 4.9% over last year, according to data from Mastercard SpendingPulse. That’s the highest rate of growth since 2011. ‘This year was a big win for retail,’ Sarah Quinlan, senior vice president of market insights at Mastercard, said in a statement. ‘The strong US economy was a contributing factor, but we also have to recognize that retailers who tried new strategies to engage holiday shoppers were the beneficiaries of this sales increase.’”
As Omni-Channel Success Becomes Critical for Retailers, It’s Driving Demand for Logistics Space, By Patricia Kirk, National Real Estate Investor
“Today, the biggest challenge for brick-and-mortar retailers competing in the e-commerce space is speed of delivery, and commercial real estate brokers are working to help clients overcome that challenge.”