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.