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Atlanta Real Estate Market Trends | Midtown Atlanta Office Q1 2021

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Midtown_2019

Midtown loses over 1M square-feet of occupancy in past two quarters.

Despite remaining the city's hottest office submarket, Midtown Atlanta has not been able to escape the negative activity taking place in the market over the past few quarters. An additional 313,000 square feet of occupancy losses occurred in Midtown this quarter thanks to anticipated vacancies and also move-outs brought on by the pandemic.

The good news is the submarket should see a turnaround in the next few quarters as large occupancies by Anthem, Norfolk Southern and Microsoft are set to take place. With the economy getting somewhat back to normal, Midtown should begin to see strong leasing return as well.

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

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

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


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Atlanta Real Estate Market Trends | Midtown 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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