Landlord’s market
Whatever the draw, it is undisputed that Atlanta retail is experiencing historic lows in vacancy.
Some stand to benefit from the lack of occupancy more than others. Landlords, namely, are in a particularly privileged position. In the words of Maggie Coppage, senior associate of Franklin Street’s Atlanta Retail Tenant Services team, the retail sector is “a landlord’s market.” The paucity of both new development and vacancy has engendered a market that is “super tough [for tenants] to get into,” says Coppage.
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“Retailers are truly trying to lock in and secure their position,” adds Coppage.
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Coppage, who represents Summit Coffee, says that along with unparalleled growth, the food-and-beverage scene is part of what makes Atlanta special.
“Atlanta is known to have one of the best food scenes in the United States,” she says.
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