Atlanta, GA
Q1-2024 Market Report Reveals Insights About Downtown Atlanta
Downtown Atlanta showcases a dynamic blend of growth and resilience across various real estate market sectors and quality-of-life elements. As more employees return to the office and big events like the 2026 World Cup hover in the future, itβs more important than ever to be informed about the current state of our city center. The Q1-2024 Downtown Market Report provides exclusive insights into the current trends in office, hotel, retail, and multi-family housing markets, combined with data-driven updates on visitation and crime.
Keep reading to discover four key takeaways that summarize the quarterβs market performance.
- Office Market Rent Growth and New Leasing Activity Amid High Vacancy Rates
Downtown Atlantaβs office market showed resilience with rents surpassing pre-pandemic levels by more than 10% compared to Q1-2019. The vacancy rate remains high, reflecting ongoing adjustments in the market due to remote work policies. Despite office market challenges, there were 43,844 square feet of direct leases and a net absorption of 6,324 square feet, an improvement from the negative absorption reported in Q1-2023. - Higher Asking Rents and Upcoming Retail Openings
Downtown Atlantaβs retail market asking rents reached $34.13 per square foot, an 81% increase from Q1-2019. Despite a vacancy rate of 8%, the market saw six direct leases. Upcoming retail establishments like Butter + Scotch, Mendoza Cafe y Vino, and SKOL Brewing Company are set to enhance Downtownβs retail landscape. - Impressive Visitation Trends in Downtown
As detailed in theΒ Q1-2024 Downtown Market Report, visitation continues to improve from low post-pandemic levels with over 18.6 million visits to Downtown Atlanta. Downtown welcomed 14 million non-employee visits and 4.6 million employee visits. In Q1-2024, employee visitation rose by 106% and 52% compared to Q1-2021 and Q1-2022. - Reduction in Incidents alongside Impactful Safety Improvements
In Q1-2024, there were 486 crime incidents, which marks an 11% decrease from Q4-2023. Most incidents were non-violent crimes, particularly theft from vehicles, which comprised 67% of total incidents. However, installing cameras in high-theft areas led to a significant 68% reduction in theft from vehicle incidents.
Ready to get all the facts? Click here to view the Q1-2024 Downtown Market Report.
Atlanta, GA
A look back at the Atlanta Hawks Draft Lottery Results: Some Luck and a Few Misses
The highly anticipated NBA Draft is finally going to take place tomorrow and the Atlanta Hawks are 1 of 14 teams hoping the ping pong balls bounce their way.
This is going to be the final payoff for what was arguably the best move that any team made last offseason. Atlanta traded down from the No. 13 pick in the 2025 NBA Draft and acquired the unprotected 2026 first-round pick from the New Orleans Pelicans, the most favorable of the Pelicans’ and Bucks’ selections. The Pelicans finished 7th in the lottery odds, and Milwaukee is 10th. Based on the odds, the Hawks have a 40% chance of jumping into the top four.
The last time the Hawks were in the lottery, they jumped from 10th to 1st and selected Zaccharie Risacher. While that was a huge stroke of luck, it has not always worked out that way for the Hawks.
Hawks lottery history
The Hawks have been in the NBA Lottery 16 times since 1985 and in that time span, the Hawks have:
- Moved up five times (2024-moved from 10th to 1st, 2018-moved from 4th to 3rd, 2007- moved from 4th to 3rd, 2001- moved from 5th to 3rd, and 1985- moved from 7th to 5th)
- Moved down five times (2020- moved from 4th to 6th, 2019- moved from 5th to 8th, 2006- moved from 4th to 5th, 2005- moved from 1st to 2nd, and 2000- moved from 5th to 6th)
- Stayed where they were projected to six times
Their biggest move up by far came in 2024 when the moved up to No. 1 and were able to select Risacher, which has not quite panned out.
There is an element of what if to each of these scenarios, especially the years the Hawks moved down. In 2020, they moved down in a draft that contained Anthony Edwards, who is from the state of Georgia and one of the elite players that the league has right now. Atlanta ended up selecting Onyeka Okongwu, but there is a big what if about being able to pair Edwards with Trae Young.
In 2019, the Hawks were 5th in the highly anticipated 2019 lottery that featured Zion Williamson, but they fell three spots. While WIlliamson has not had quite the career most had hoped, he is still an All-NBA caliber player and would have paired nicely with Young as a tandem.
There have been some hits and misses during the 16 times that the Hawks have been in the lottery, but there have seemingly been more missed opportunities, even when they jump up in the standings. They are hoping that they get another stroke of luck tomorrow in what could be a franchise altering day for the Hawks.
Final projected odds for the Hawks:
No. 1- 9.8% chance
No. 2- 9.9% chance
No. 3- 10.1% chance
No. 4- 10.30% chance
No. 7- 19.75% chance
No. 8- 30.18% chance
No. 9- 9.19% chance
No. 10- 0.67% chance
No. 11-
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Atlanta, GA
Atlanta reacts after major 285 shutdown postponed
Β The Georgia Department of Transportation announced that a major weekend construction project, set to fully shut down two miles of I-285, has been postponed due to inclement weather. Atlantans are relieved, with many looking forward to more freedom to travel this Mothers’ Day weekend. Kim Leoffler has the story.
Atlanta, GA
Spirit Airlines shutters: Atlanta mom’s 3 a.m. email revealed her job was gone
ATLANTA – An Atlanta flight attendant and mother of eight is among 17,000 Spirit Airlines workers struggling to find a new “destination” after the carrier suddenly shut down.
Spirit Airlines Atlanta impact
What we know:
Spirit Airlines ended all operations on Saturday, grounding its entire fleet and ending employment for its 17,000-person workforce. Flight attendants and customers were stranded across the country, often forced to pay for their own travel home after the discount carrier ceased operations.
Kamille Carter, an Atlanta-based flight attendant of five years, said she received the termination email from the CEO at 3 a.m., despite earlier assurances from union representatives that the company was stable. The company immediately cut healthcare benefits and stopped payments for sick leave and vacation time for all staff members.
Unpaid wages and benefits
What we don’t know:
It is unclear if Carter and her fellow employees will ever receive their final paychecks or if there is any legal recourse for the lost benefits. The company has not specified if any transition assistance will be provided to workers, some of whom had been with the airline since it launched in 1994.
Employee reaction in Georgia
What they’re saying:
“This is a death because you have to mourn, you have to grieve, it’s a process,” Carter said of the sudden job loss. Despite the financial strain of supporting eight children, Carter is looking toward her passion for cooking as a potential new career. She noted that while being uncomfortable is difficult, it can “push you to your destiny.”
Finding help in Atlanta
What you can do:
Community members looking to support Carter and other local workers affected by the shutdown can find more information on the FOX 5 Atlanta website. The station is collecting resources for those navigating the sudden loss of income and healthcare.
The Source: The information in this story was gathered from an interview conducted by FOX 5 reporter Eric Perry, who spoke directly with former flight attendant Kamille Carter in Atlanta. Previous FOX 5 Atlanta reporting was also used.
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