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Atlanta Real Estate Market Trends | Central Perimeter Office Q3 2021

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Back to negative absorption for Central Perimeter in Q3.

As expected, Central Perimeter returned to negative absorption in the third quarter thanks to a handful of large vacancies that transpired. The largest of these was Global Payments which relocated from 10 Glenlake to its new office space in North Fulton. The vacancy put 142,000 square feet on the market creating a sizeable hole to recover. In spite of this, leasing activity in the submarket was one of the strongest in over a year. With vacancy hovering around the 20% mark, this positive activity is expected to result in strong gains in the fourth quarter and also into the next year.

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.

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Atlanta Real Estate Market Trends | Central Perimeter 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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