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Atlanta Real Estate Market Trends | Central Perimeter Office Q2 2020

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For the second consecutive quarter, Central Perimeter led the Atlanta office real estate market in space absorption.

Key Takeaways

  • Acoustic's 57,000 square-foot occupancy at South Terraces was the largest in the submarket this quarter. The office is the first in Atlanta for the IBM spin-off.
  • Central Perimeter's overall vacancy rate is back below 16%; the first time in over a year.
  • Despite the positive activity, the submarket's overall Class A rent averages took a dip in Q2. This is likely a factor of landlord competition rather than negative real estate fundamentals. Although leasing activity was impacted by the pandemic in the quarter, it has begun to pick back up as of late.
  • Central Perimeter Atlanta's real estate forecast for the third quarter of 2020 looks strong on the occupancy side. Insight Global's relocation to 1224 Hammond will help boost overall positive absorption levels.


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Atlanta Real Estate Market Trends | Central Perimeter Office Q2 2020

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Related Experts

Drew Levine

Senior Vice President, Principal

Atlanta

I am a Senior Vice President in the Occupier Services Group, a Colliers group that exclusively represents tenants. I have successfully advised startups, high-growth, and established companies since 2011. My team delivers customized services on local, national, and global levels that allow companies to make well-informed, profit driven real estate decisions. I have been involved in a wide range of transactions, from small acquisitions for startup companies to campus projects for Fortune 500 companies. Our work has included relocation and expansion projects, consolidations and dispositions, headquarter planning, lease terminations and complete portfolio planning strategies for hundreds of leading technology, professional services, and manufacturing companies. We strive to deliver real estate business solutions that: add measurable value, reduce costs, decrease business operating risks, improve workplace performance, expand flexibility, and increase overall profitability.

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