As office demand remains steady, Atlanta’s unreserved parking rates increase yet again.
Monthly reserved parking rates in Atlanta
Overall reserved parking in Atlanta’s urban submarkets fell for a second consecutive year. Albeit modest, this year’s 0.7% decline reflects uncertainty as it relates to building owners seeing the amenity of reserved rates as an important factor for prospective tenants going forward; most notably in a post-pandemic office future.
Monthly unreserved parking rates in Atlanta
Unlike reserved rates, the average for unreserved parking rates in Atlanta’s urban core increased by 1% in 2021, continuing the annual rise since rates have been tracked. As no surprise, Midtown saw the most significant movement with its unreserved average increasing 1.7% YoY.
Daily maximum and hourly parking rates in Atlanta
Daily parking maximums increased the most of any other metric this year, up almost 12% on average. This was evenly spread across the urban core; however, Buckhead experienced the greatest rise. Hourly rates remained unchanged overall from last year.