Atlanta’s retail market thrives in the face of economic uncertainties, maintaining resilience amid challenges like elevated construction costs and slowed investment sales. Despite economic difficulties for large shopping centers, the city’s diverse economy and the Southeast’s retail boom contribute to its success. With historic lows in vacancy, Atlanta now experiences a “Landlord’s Market,” driven by a lack of new supply in shopping centers. Existing tenants are hesitant to vacate, allowing landlords to capitalize on increasing rent prices. In Q2 of this year, asking rent prices surged by 12% year-over-year, as reported by Marcus & Millichap, a prominent commercial real estate investment services firm.
https://shoppingcenterbusiness.com/atlanta-retail-is-just-peachy/