Buckhead posted its highest quarterly absorption number of the year in Q4 with gains topping 134,000 square feet. This halted a four-quarter slide, and gave the submarket its first positive year since 2016.
- A multitude of move-ins in the 20,000-25,000 square foot range took place this quarter, highlighted by companies such as Salesforce, Harrison Design, and Evident ID.
- The submarket's vacancy rate fell 60 basis points (-0.6%) from Q3; however, it remains unchanged from this time last year.
- Rents in Buckhead saw yet another increase overall, this time increasing by 1.0%. This marks 25 consecutive quarters with an uptick. During this time, the average has jumped almost 50%.
- While positive gains were welcomed this quarter, Buckhead is in for a challenging year as a number of consolidations are expected. The largest of these will be AT&T vacating Linbergh City Center.