What’s New?

Our team has been hard at work, talking with real estate investors, lenders, brokers, and industry players, uncovering the biggest pain points in our industry.

What’s coming to CoreCast in the coming weeks as a result?

• AI-Enabled Underwriting

• One-Click Reports

• Deep Market Research

• Advanced Pipeline Tracking

All in one platform. We would love your input on the workflows before they go live! Schedule some time with our product team for a 30-minute research call below.

Say Hello to AI-Enabled Underwriting

In the coming weeks, underwriting in CoreCast will now feature multifamily and commercial acquisitions for core, core+, and value-add projects.

Other sectors will feature acquisitions and development underwriting soon. If you are into student housing, hospitality, senior living, self storage, mobile home parks, or otherwise, let us know what you need for underwriting.

With our new uploading feature, you will be able to upload your own project’s financial model, rent rolls, financial statements, and offering materials into CoreCast – for any sector and risk profile – and have relevant data extracted in seconds.

But those are just table stakes.

The real magic is in the workflow.

• File upload – Financial Statements, Broker Materials, etc.

• Data extraction and loading

• Deep market research

• ProForma (live in CoreCast and downloadable in excel)

• Underwriting Summary (export as a pdf report)

All done in under 5 minutes.

We can’t wait to show it to you! Schedule some time with our product team to demo the workflow. We would love your feedback before it goes live!

The Report Center

Tired of spending dozens of hours and tens of thousands $$$ on professionally designed reports?

Introducing the CoreCast-powered Report Center.

The process (coming soon to the platform):

• Upload your deal docs

• Have CoreCast research your market

• Watch a professionally designed, personally branded report be created in minutes

Here are the first 18 reports we are working on (in no particular order), based on customer feedback! Let us know if anything else should be added to the queue.

Crowd-Sourced Market Data

We have pulled together properties in every major market for multifamily, retail, office, and industrial. We have located fundamental attributes like square footage, year built, unit/suite count, Tax IDs, and even quite a bit of operating and transaction data.

We have a team of analysts working on uncovering data every day to enhance your market research experience, but we need your help!

The market research experience will give you as the user the ability to input your opinion of property attributes, see other users’ opinions, and vote accordingly on what you think is the most accurate information.

We are working on an algorithm in the background to surface the most accurate, most current data for every real estate asset in North America.

All we need you to do is upload rent rolls, T-12s, offering materials, and share your local expertise to better serve the commercial real estate community.

The more you share, the more enhanced your workflow becomes!

What’s next?

All of this will be ~95% automated in CoreCast, meaning instead of spending weeks manually pulling, formatting, and reconciling reports and market data, your team gets accurate, repeatable output in minutes.

For companies producing dozens of reports a month, that adds up to hundreds of hours saved—time reclaimed for decision-making, value creation, and deal execution.

Want something else?

If you don’t see an experience that fits your workflow, please reach out and tell us what you’d like to see.

See you inside ✌️

Atlanta, GA Market Update

1. Vacancy / Availability Rates

Office:

• Overall vacancy held near 24.9% in Q2 with limited new supply contributing to stabilization ¹ 

• CBRE reports availability (broader measure including sublease) at 32.4%, largely plateaued year-over-year² 

Industrial:

• Direct vacancy around 8.4% via Cushman & Wakefield³ 

• CBRE shows a rise to 8.6%, citing bulk move-outs and new deliveries⁴ 

• Savills reports a higher 10.4%, a five-year high, with vacancy ~370 bps above the five-year average⁵ 

Retail:

• Vacancy increased slightly to 4.4% in Q2 (from 4.2% in Q1 and 3.7% in Q2 2024), but remains below historical norm (~5.3%)⁶ 

Multifamily:

• Stabilized occupancy reached 90.6%, implying a vacancy of ~9.4%⁷ 

• Lee & Associates reports vacancy of 11.6% ⁸

• Matthews indicates vacancy around 12.0%⁹ 

2. Net Absorption

Office:

• Net absorption turned slightly positive at +14,561 sf, improving from Q1’s –86,219 sf. Class A led with +359,653 sf, while Class B lagged at –345,092 sf¹⁰ 

Industrial:

• Cushman & Wakefield’s Q2 MarketBeat shows YTD absorption of 343,500 sf ¹¹

Retail:

• Net absorption was negative at –592,459 sf, a worsening from Q1’s –414,627 sf ¹²

Multifamily:

• More than 5,800 units were absorbed in Q2, bringing annualized absorption to ~9,785 units ¹³

• Matthews reports net absorption now outpacing deliveries—first time since mid-2021 ¹⁴

• Lee & Associates notes trailing 12-month absorption of 22,641 units—highest in two years ¹⁵

3. Asking Rents

Office:

• Lee & Associates cites average asking rent of $32.01 psf FSG ¹⁶

• Partners reports $32.41 psf gross, with Class A at $34.24 and Class B at $25.18 ¹⁷

• CBRE confirms $33.14 psf, up ~4% year-over-year; prime rates up 9% Y-o-Y¹⁸ 

Industrial:

• Partners indicates industrial asking rent rose to $9.86 psf (NNN), +6% QoQ and +2.4% YoY ¹⁹

• Cushman & Wakefield’s MarketBeat notes a metro-average of $7.28 psf ²⁰

Retail:

• Asking NNN rent held steady at $19.61 psf, unchanged Q-o-Q and up from $19.27 last year ²¹

Multifamily:

• Effective rent averaged $1,651 per unit in Q2 ²²

• Lee & Associates also reports $1,650 per unit ²³

• Yardi: asking rents ~$1,646, up 0.1% trailing three months ²⁴

• Matthews notes rents are down ~0.4% YoY despite localized growth in some submarkets ²⁵

4. Market Drivers & Insights

• Economic Conditions: Unemployment in Atlanta remains low (~3–3.5%) ²⁶

• Flight to Quality: Strong demand for Class A office space, with continued leasing and conversions²⁷ 

• Construction & Pipeline:

  • Office: No new deliveries; office construction pipeline shrank significantly (~565k sf)²⁸ 

  • Industrial: Elevated under-construction volume (~15 msf) despite slowdown ²⁹

  • Retail: Construction pipeline is at a multi-year low (~540k sf), and deliveries dropped sharply ³⁰

  • Multifamily: Supply moderating—4,100 units delivered in Q2 (–21% vs Q1); pipeline (~14,386 units) at lowest since 2020³¹ 

• Population & Housing Dynamics:

  • Atlanta’s domestic migration turned negative in the 12 months ending June 2024, first such decline in decades ³²

  • Multifamily permit issuance remains elevated compared to national trends, though single-family remains constrained ³³

• Market Activity & Investment Sentiment:

  • Retail leasing remains modest but stable (2.1 msf H1), retail sale prices ~$236 psf ³⁴

  • Major industrial acquisition: Brookfield bought 53 warehouses including Atlanta, focusing on older, high-occupancy assets ³⁵

• Office Visits Rebound: Atlanta’s office foot traffic is recovering—down just 14.8% vs July 2019 (up 10% from 2024), behind only Miami and NYC ³⁶

5. Overall Outlook

Office:
Challenged by high vacancy (~25–27%) and tenant contraction, but demand is increasingly focused on Class A. Supply discipline (no new deliveries, low pipeline) supports cautious optimism for gradual stabilization.

Industrial:
The market is cooling—vacancy rising (~8.5–10%), negative absorption, still rising supply. But rents remain resilient, and investment continues in value-add older assets, signaling underlying long-term demand.

Retail:
Vacancy remains subdued (~4%) with constrained supply, but net absorption is negative. Rents remain stable, indicating better performance in premium submarkets despite softening demand.

Multifamily:
Despite elevated vacancy (10–12%), absorption is strong and outstripping deliveries. Rent growth has slowed or is flat, but fundamentals appear to be improving modestly with a potential inflection toward recovery as supply tightens.

Summary Table: Q2 2025 Snapshot

Atlanta’s Q2 2025 CRE landscape shows a bifurcated recovery. Office and multifamily markets exhibit mixed signs—with premium properties outperforming, while secondary assets lag. Industrial is entering a stabilization phase amid rising vacancy. Retail holds relatively steady, benefiting from constrained new supply. Macro pressures like slowed migration and high construction costs will be key to monitor moving forward.