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Atlanta Real Estate Market Trends | Atlanta Office Q3 2021

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Large occupancies power Atlanta’s office market to nation-leading Q3.

At 2-million square feet absorbed in the third quarter, Atlanta’s office market led the nation with the highest quarterly absorption, reaching a more than 20-year high. Occupancies by Norfolk Southern, Microsoft, Anthem, and Global Payments were significant contributors to the overall amount of space filled in Q3 accounting for just over 70% of the net total. With the positive gains, overall vacancy declined for the first time in over a year. Overall office rents maintained upwards movement increasing to another record high, this in spite of elevated availability in the market. The year-end outlook shows Atlanta office on the road to recovery.

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

  • Current vacancy rates and availability
  • Q3 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.


Atlanta Real Estate Market Trends | Atlanta Office Q3 2021

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Drew Levine

Senior Vice President, Principal


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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