Concessions plateau in ATL office market
October 11, 2011
By: Doug Sams

... While the Atlanta office market still has bargains, the amount of free rent offered by suburban building owners is dropping, and tenant improvement allowances in both intown and suburban areas are no longer increasing, according to brokerage firm Studley Inc.

“The market clearly continues to favor tenants, and the number of large transactions confirms that some are taking advantage of the conditions,” said Andrew Lechter, executive vice president, branch manager of Studley’s Atlanta office.

With no new construction on the horizon and tighter capital requirements imposed on building owners, however, leasing terms are beginning to tighten, Lehter said. ...

... Tenants will still find deals in coming months, but they will have to do more homework on building owners to secure the best terms, Lechter said.

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