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.