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Atlanta Real Estate Market Trends | Central Perimeter Office Q2 2021

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CPerimeter_2019

Absorption turns positive for Central Perimeter in Q2.

Following three consecutive quarters of occupancy losses, Central Perimeter reversed course in Q2 absorbing just under 265,000 square feet. State Farm’s 429,200 square-foot move into its final phase at its Dunwoody campus was the major contributor to the positive activity. Deluxe also moved into its news headquarters at Glenridge Highlands II this quarter. Vacancy dropped 80 basis points with the positive activity, and the average rental rate increased for a fourth straight quarter. While still relatively modest, overall leasing has begun to pick up in the submarket. This will help with future gains here.

What you'll learn in this quarter's Central Perimeter Office Market Report:

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

Download the full Colliers Atlanta Central Perimeter Office Market Report to learn more about the fundamentals shaping the Central Perimeter, Dunwoody and Sandy Springs office submarkets of Atlanta, GA.


2021Q2OfficePerimeter

Atlanta Real Estate Market Trends | Central Perimeter 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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