Concessions now commonplace in Atlanta market.ATLANTA: If you are a tenant in a position to make strategic decisions about your business plan, now is the time to be aggressive in Atlanta's commercial real estate market, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Josh JOSH Joshua JOSH Job Scheduling Hierarchically Hirsh, managing director, in Studley's Atlanta's office. The assertion is based on the Studley Effective Rent Index, which reports that Atlanta's concession packages were up 44.4% in 2007. Although asking rents went up marginally in Atlanta during that same time period (from $29.35 to $29.90 psf), that rise is misleading. Tenant effective rents (the estimated cost of occupancy for tenants) actually declined in 2007, falling by 10.6%. Atlanta posted the third highest increase in concession packages since last year (44%), only San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. (108%) and Dallas (77%) had higher increases, while Chicago registered the largest cutback cut·back n. 1. A decrease; a curtailment: "The political effects of food cutbacks could be devastating" New York Times. 2. , (-11.1%) in concessions. Atlanta also has the third-highest availability rate (23.10%) of all 19 markets profiled, the lowest being Downtown Manhattan (4.9%). Atlanta posted the third lowest tenant effective rental rate, $20.28 psf, whereas the highest is Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan at $94.34. |
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