(AJC) — Vacancy is up again in Atlanta’s office market. So why are buildings fetching such a decent price per square foot? Call it the “screwy relationships” that develop at the bottom of real estate markets, said Chris Macke, a senior real estate strategist in Washington with real estate services firm CoStar Group. Even though Atlanta’s vacancy rate was still high at 17.6 percent at the end of third quarter, few top quality buildings are on the market, which increases demand for them, he said. “There’s more money looking for deals but at the same time, there aren’t as many deals on market, so it’s just skewing things,” Macke said. “It’s almost an artificial environment on the sales side.”
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