With Class A office rents in Atlanta climbing and the amount of available space in the asset class dwindling, the city’s Class B office sector could be poised for a strong uptick over the next two years. That’s the word from JLL Senior Vice President Adam Viente in a guest post for the Atlanta Business Chronicle’s… Read More
JLL today announced the firm has received a prestigious 2014 Partner of the Year Award from Aflac. Each year, the Fortune 500 insurance firm chooses a winner in each of four categories — Quality, Service, Technology and Value — and JLL won the Service category for its crucial role in support of the restructuring of U.S. sales operations… Read More
GlobeSt.com has published a three-part Q&A with JLL’s Atlanta Market Director Mike Sivewright. The wide-ranging interview explores the health of all the commercial real estate sectors in Atlanta and also details the overall state of the metro Atlanta economy.
Below are a few key excerpts:
GlobeSt.com: Let’s take a deeper look at Atlanta’s recovering office market. Are we still recovering or is the market actually growing now?
As the Great Recession and its grisly aftermath fade ever further into the rear-view mirror, Atlanta’s office market is experiencing the soothing effects of higher-than-average job growth and a dramatic spike in its Class A rents. At the same time, the metro area’s embrace of urban, mixed-use development continues to strengthen.
Those were some of the takeaways of JLL Atlanta’s 2015 Real Estate Forecast Breakfast, held Thursday… Read More
In at least one respect, 2014 was a decidedly unusual year for the metro Atlanta office market. Not known for noticeable rent growth — its Class A asking rate has increased, on average, only 0.6 percent per year over the past two decades — Atlanta saw that rate spike in 2014, by 5.2… Read More
Mercedes-Benz USA is moving its corporate headquarters from Montvale, N.J., to metro Atlanta, and JLL is assisting the German luxury car maker with its relocation.
Mercedes-Benz USA will begin moving employees to Atlanta in July and will initially be located in a temporary facility in Atlanta’s Central Perimeter submarket on an interim basis. The firm is looking for a site for its… Read More
Global investors are increasingly targeting the United States for commercial real estate investment.
And with the U.S.’ high level of real estate transparency—which gives non-U.S. investors clear insights into the differences they may encounter when transacting, owning, and operating in foreign markets—secondary U.S. markets like Atlanta will likely continue to see increasing amounts of investment.
Canadian Firms Explore ATL
Metro Atlanta has recently generated significant interest from foreign… Read More