Office landlords still competing for tenants
August 23, 2010

It's still a good time to be a tenant with landlords competing hard for business, said Andrew Lechter, branch manager of Studley's Atlanta office.

"Landlords are offering large concession packages in order to compete for creditworthy tenants willing to commit to long-term leases," Lechter said.

Still, there are 115 blocks of available class A and B space of 50,000 square feet or more — totaling 12.7 million square feet, the equivalent of 10 Bank of America plazas, according to Studley.

"Much of the increased activity we are seeing is merely a game of musical chairs," Lechter said. "The market continues to be driven by tenants looking to reduce costs by getting into the game early, either through lease restructures or relocations."


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