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Atlanta Real Estate Market Trends | Buckhead Office Q1 2021

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Buckhead tops Atlanta office market in Q1 occupancy loss

Thanks in part to one tenant move-out, the Buckhead submarket saw the highest negative absorption in the Atlanta market in the first quarter.

Just over 1 million square-feet of occupied space was given back in Q1. The vast majority of this space came from Cricket Wireless' 932,251 square-foot vacancy at Lindbergh City Centre. The move was anticipated as part of AT&T's consolidation plans out of Atlanta office space, and represents the largest vacancy ever to hit the Atlanta market in a single period. 

Because of this move and limited occupancies, Buckhead will be Atlanta's most underperforming submarket in 2021.

What you'll learn in this quarter's Buckhead Office Market Report:

  • Vacancy and availability
  • Absorption and leasing activity
  • Rental rates
  • Construction activity
  • Sales activity and cap rates
  • Buckhead Atlanta office predictions and forecasts

Download the full Colliers Atlanta Buckhead Office Market Report to learn more about the fundamentals shaping the Buckhead submarket of Atlanta, GA. 


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Atlanta Real Estate Market Trends | Buckhead Office Q1 2021

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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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