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Sean Moynihan

ATLANTA—Newmark Knight Frank’s Q1 Atlanta office report, due out in a few days, will show that 1.8 million square feet were delivered, the largest quarterly total in five years. However, as the COVID-19 pandemic took hold, leasing activity saw a significant slowdown in March, which will result in a decrease in executed transactions over the next 3-6 months. Construction activity will become more intermittent as permitting divisions at local jurisdictions are slower to inspect and approve projects, with softening fundamentals over the next 6-9 months until business operations are back to normal.

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