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Atlanta Real Estate Market Trends | Atlanta Office Q2 2021

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Atloffice

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.


Q22021AtlOfficeMarket

Atlanta Real Estate Market Trends | Atlanta Office Q2 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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