Atlanta - March 4, 2016 - Atlanta is on the list of cities to keep an eye on in 2016 in both the office and industrial arenas. With positive office job growth and a strong infrastructure track leading to consistent growth in logistics and supply chain presence, Atlanta has transitioned from the Southeast's city to watch into a city on the minds of national and international decision makers.
According to CBRE Research, Atlanta is following the national industrial trends: consecutive positive net absorption, rising rents, speculative development, investor interest and increased port activity. Nationally, the U.S. industrial market remains a favorable investment target for institutional capital seeking strong long-term fundamentals.
As the metro with the fourth largest decrease in industrial availability, Atlanta ranks among the top 10 leading metro for industrial investment.
On the office side, Atlanta is among the top five CBD markets with the most office absorption, and the sole representative of the Southeast region in the category. The other four markets include Manhattan, Seattle, Chicago and Washington, D.C. The suburban office market faired well also, as Atlanta was one of six U.S. suburban office markets to obtain rent growth above 5% since 2014.
Overall, the health and stability of both the office and industrial markets landed Atlanta a spot on the annual CBRE underwriting survey as a market where investors had the highest expectation. CBRE Economic Advisors expects the momentum to continue in Atlanta and throughout the South, noting the region should expect a boom in office-using job growth.
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.