JLL’s Skyline Report provides an in-depth look at North America’s top office buildings
Atlanta continues to outperform the country’s office market as a whole, according to JLL’s Skyline Report. JLL’s research team analyzes skylines annually to provide an in-depth look at floor-by-floor data of over 1,200 top performing commercial buildings in 52 markets across the U.S. and Canada. JLL’s Skyline campaign provides investors, tenants and JLL clients with comprehensive data on the trends that are shaping the U.S. skyline including visual metrics on vacancy, absorption, rents, and occupancy.
Atlanta’s diverse economy continues to benefit owners, as multiple firms in the legal, professional and business services and technology sectors have inked large leases in Skyline buildings over the past year. With high-quality, well-located availabilities dwindling, landlords have taken advantage of the opportunity to push rental rates, inching the market closer to the point that justifies new construction.
Atlanta ranks as one of the top secondary markets in the United States, according to the report. In fact, JLL Managing Director David Tennery said Atlanta deserves attention from institutional investors seeking new acquisitions.
“There continues to be a significant and likely ongoing pause in office development and that has aggressively shifted the dynamics in favor of office owners. The clear winners are submarkets and buildings that can offer the ‘live, work, play’ dynamic, or the ability to adapt and rebrand with a mixed-use, transit focus,” said Tennery. “Regardless if an investor is currently active in Atlanta, the office investment climate over the next several years is undeniably favorable and should be driving investors to the table. Anyone not digging beneath the surface is missing key opportunities in this rapidly transitioning market.”
Click here to register for your own Skyline account, start comparing custom analytics and share on social media using #JLLSkyline. This year, we launched a new tool called “mySkyline” which allows registered users to explore a personalized Skyline of buildings by selecting and comparing customized data.