Atlanta’s Office Market ‘Has Hit Bottom’

August 9, 2010  |  

(AJC) –At mid-year, Atlanta’s office market is showing some signs of improvement and recent hiring may keep the trend moving in a positive direction.

Several real estate firms, including Jones Lang LaSalle, CoStar Group, and Grubb & Ellis, believe Atlanta’s office market has reached its trough and is starting the slow climb back from recessionary lows.

“Atlanta’s office market has hit bottom since vacancy has basically peaked, which is the first step,” said Lanie Rea, research manager with Jones Lang LaSalle Americas.

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