Atlanta’s office absorption returned to positive territory in Q2 2021.
Atlanta’s office absorption returned to positive territory in Q2, mostly as a result of an owner-occupancy. The +215,000 square-foot gain helps, but is not nearly high enough to fill the loss experienced at the beginning of the year. Overall vacancy remains elevated, increasing 50 basis points (0.5%) this quarter thanks to just under 1.7 million square feet of office space delivering; the majority of which was unoccupied at quarter’s end. In spite of the added vacancy, Atlanta’s average office rent increased for a 32nd consecutive quarter. Leasing demand continued to strengthen this quarter which bodes well for future gains.
What you'll learn in this quarter's Atlanta Office Market Report:
- Current vacancy rates and availability
- Q2 2021 absorption and office leasing activity
- Current average office rental rates
- Office building construction activity
- Sales activity and current office building cap rates
Download Colliers Atlanta's full Atlanta Office Market Report to learn more about the fundamentals shaping the office market of Atlanta, GA.