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Atlanta Real Estate Market Trends | Midtown Atlanta Office Q2 2021

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Vacancy rises to record level, but Midtown poised for second-half gains.

Midtown experienced a flat quarter of absorption in Q2 with levels for the year remaining practically unchanged. The submarket’s vacancy rate, however, increased to a record 21.3% this quarter thanks to the delivery of just over 1.1 million square feet of new office space. Most of this space came online unoccupied, pushing vacancy 220 basis points higher than last quarter. The West Midtown area saw most of these deliveries with Interlock and Star Metals each opening in Q2. Despite the vacancy uptick, Midtown’s outlook remains most favorable with larger occupancy gains expected to begin in the next few months.  

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.


2021Q2OfficeMidtown

Atlanta Real Estate Market Trends | Midtown 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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