Marcus & Millichap

Atlanta Local Retail Report

Second Quarter 2019

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Continued Growth and Strong Fundamentals Draw

Investors and Developers to Atlanta

Atlanta metro continues growth trend, creating additional need for retail space. The job market in Atlanta expanded by approximately 57,000 positions over the past 12 months. Employment growth paired with the formation of 37,000 new households contributed to an increased need for retail. Consumer preferences are changing, creating a stronger demand for gyms, medical facilities, entertainment venues and restaurants. The shift is also sparking the development and repurposing of retail formats that will capitalize on the new demand. While big-box retail continues to be portrayed by the media in a negative light, there are some national tenants that are growing and absorbing the recently vacated space, such as TJ Maxx, Hobby Lobby, Burlington Coat Factory and Ross.

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