As the office leasing market emerges from the disruptions caused by COVID-19, significant changes have become apparent. The Atlanta real estate market experienced a record 32.9% vacancy rate, revealing a shift in demand favoring office spaces that prioritize environment, location, and modern amenities. Older, unrenovated buildings struggle due to their poor appeal in a market where flexibility and home office convenience compete with traditional workplace settings. Businesses that continue to invest in high-quality office environments are finding it essential to retain employees amidst prevailing remote work trends.
You couldn't script a better disruption into the office leasing business.
The vast majority of that unwanted space is concentrated in a small percentage of buildings, often either older stock that hasn't been recently renovated or in poor locations.
Environment, location and amenities are the ultimate king of the castle right now.
Companies now have to compete with the convenience of home offices and the flexibility of remote work.
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