Connect with us

Atlanta, GA

Amount of vacant office space breaks records in Atlanta, study shows

Published

on

Amount of vacant office space breaks records in Atlanta, study shows


New research says the amount of vacant office space continues to break records in Atlanta.

According to data from the real estate services firm CBRE, more than 2.2 million square feet of office leases were signed in the Atlanta area during the first quarter of 2024.

Advertisement

That’s the most activity since the start of the COVID-19 pandemic in 2019.

Unfortunately, CBRE also reports that, despite the increase in new leases and renewals, Atlanta is still facing many office spaces that have been left empty.

The firm estimates around 32.4% of all office square footage was available – a number that CBRE says “continues to break records.”

Advertisement

The data showed the Downtown Atlanta submarket accounted for almost 54.7% of the total vacated space.

“Overall, the stubbornly high availability rate in Atlanta continues to be the result of corporate tenants with substantial footprints offloading unneeded space amidst economic distress, the firm wrote in its report. “Many of these tenants are opting to sublease entire buildings and consolidate their leases into a single location. In some cases, owner-occupiers are going as far as shedding HQ locations and regional satellite offices in an effort to mitigate the impact of current economic conditions.

Advertisement

Despite the vacant properties, CBRE also found that the overall asking price for office space increased to $31.46 per square foot in the first quarter of the year. 



Source link

Atlanta, GA

The Pulse: Are pajamas really banned at the airport?

Published

on

The Pulse: Are pajamas really banned at the airport?


The show highlights a tongue-in-cheek social media “ban” on pajamas and Crocs at Tampa International Airport that sparked national debate over travel etiquette. The crew also covers the Atlanta Hawks’ bold “Magic City Monday” promotion featuring famous lemon pepper wings and halftime performances by T.I.. Additionally, the segment dives into Gen Z’s “loud breakup” trend on TikTok and ends with a nostalgic defense of the Burger King Whopper.



Source link

Continue Reading

Atlanta, GA

Soccer Frenzy: Cities, Fans, and What to Know | Futbol HQ

Published

on

Soccer Frenzy: Cities, Fans, and What to Know | Futbol HQ


With the World Cup just months away, host cities ramp up preparations for a global surge of fans. Philadelphia takes center stage as the World Cup draws closer. From major fan event changes and security planning to base camps and short-term rentals, here’s what to know ahead of the matches.



Source link

Continue Reading

Atlanta, GA

Atlanta runners honor Olympian Jeff Galloway after his passing

Published

on

Atlanta runners honor Olympian Jeff Galloway after his passing


Atlanta runners are finding ways to honor the legacy of former US Olympian Jeff Galloway, who was widely known for his run-walk-run strategy, after his death on Wednesday at 80. 

What we know:

Advertisement

Officials say Galloway suffered a hemorrhagic stroke and died in a hospital in Pensacola, Florida. 

His daughter-in-law, Carissa Galloway, also a running enthusiast, shared a tribute to him through social media following his death. 

Advertisement

What they’re saying:

“With Jeff being the winner of the first Peachtree, he sort of automatically is a legend here in Atlanta,” said Rich Kenah, Atlanta Track Club CEO. 

Kenah says Galloway will likely be remembered most for inspiring so many people to lace up their sneakers and start running.

Advertisement

Running legend Jeff Galloway passes away in Florida

“We know Jeff in the running world as our hometown hero. You know, our celebrity. But he leveraged that celebrity to bring more people into the sport than anybody else that I can think of. I think that should be his legacy,” said Kenah. 

Advertisement

At a Thursday night run along the Beltline, the group held a moment of silence in Galloway’s honor. 

“He’s a big advocate for encouraging people to go and run. I was influenced by him. I ran my 1st marathon back in December of 2024,” said Alex Lewis. 

As the group took off on their run, they remembered the elite athlete who spent a lifetime motivating others to lead a healthy life one step at a time.
 
“Even though he was an Olympian and kind of like a celebrity in his own right, he still acted and talked to us normal people, just like a regular guy. He’ll be deeply missed here in Atlanta,” said Lewis. 

Advertisement

Atlanta Track Club officials say there will be a moment to recognize Jeff Galloway before the start of Sunday’s Publix Atlanta Marathon. 

They’re still planning how they will pay tribute to him at this year’s Peachtree Road Race. 

Advertisement

The Source: This is a FOX 5 original report where Denise Dillon spoke with members of the Atlanta running community. 

AtlantaNewsFlorida



Source link

Advertisement
Continue Reading

Trending