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Atlanta Real Estate Market Trends | Downtown Atlanta Office Q1 2021

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Downtown Atlanta office occupancy losses continue to push vacancy higher.

Downtown begins the year losing just over 210,000 square feet of occupied space. This represents the sixth straight quarter of negative absorption for the submarket, and the second consecutive quarter with occupancy losses totaling over 200,000 square feet.

Vacancies by WeWork, Georgia-Pacific and the Georgia Department of Labor were the main contributors to Q1's negative activity. Most notably though, the submarket experienced no significant move-ins during the quarter. Looking ahead, Downtown will see some larger occupancies take place, however one larger move-out is anticipated which will keep the submarket in the red for 2021.

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

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

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


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Atlanta Real Estate Market Trends | Downtown Atlanta 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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