Occupancy losses to start the year for the Central Perimeter office submarket of Atlanta.
It is a rough start to the year for the Central Perimeter submarket as net absorption totaled (548,565) square feet in Q1; the second highest occupancy loss in the Atlanta market.
Anticipated vacancies by State Farm out of 3 Ravinia and Cox Automotive out of 2002 Perimeter Summit were the largest to transpire this quarter. These helped push the submarket's vacancy rate over the 20% mark for the first time in nine years. Looking forward, however, absorption is expected to be positive in Q2 as State Farm moves into its final phased building at its Dunwoody office campus.
What you'll learn in this quarter's Central Perimeter Office Market Report:
- Vacancy and availability
- Absorption and leasing activity
- Rental rates
- Construction activity
- Sales activity and cap rates
- Central Perimeter Atlanta office predictions and forecasts
Download the full Colliers Atlanta Central Perimeter Office Market Report to learn more about the fundamentals shaping the Central Perimeter, Dunwoody and Sandy Springs office submarkets of Atlanta, GA.