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Atlanta Real Estate Market Trends | Atlanta Office Q3 2021

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Atloffice

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.


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Atlanta Real Estate Market Trends | Atlanta Office Q3 2021

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Scott Amoson

Director - Research

Atlanta

Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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