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.