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.