Wednesday, October 28, 2009

Vacant office space could take years to fill

I think Decatur is having this problem also, not only office space, but retail spots as well, good example is the old McDonough St. Market/Jakes Ice Cream shop, that spot is a prime location.
It's been a year since they moved out.

The Atlanta Journal-Constitution
Atlanta is so swamped with vacant office space that it could take a dozen years to fill it all – and that’s if the metro area returns to the robust growth it had before the recession.
The glut of commercial space -- most apparent in Buckhead with more than 3 million square feet of empty space -- raises challenges to any thoughts of constructing new towers in metro Atlanta for years to come. It also underlines the difficulties building owners and managers face snagging tenants in a market with far more supply than demand.

AJC story

1 comment:

Brody said...

Would love to know how to reach the owners of 506 E. Howard so I can rent their space for my business. It has been available so long the number on the For Rent sign is completely faded out!