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Atlanta Real Estate Market Trends | Downtown Atlanta Office Q3 2021

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Positive absorption for Downtown in Q3.

After seven consecutive quarters of occupancy losses, with three of the last being above 300,000 square feet, Downtown witnessed positive absorption in the third quarter. The submarket saw +85,000 of square feet absorbed with just over half of the amount coming from John Marshall Law School which relocated to Peachtree Center from Midtown. The remaining amount came from a number of smaller move-ins and also the absence of significant vacancies. Leasing activity has picked up as of late for Downtown leading to a more positive outlook for the submarket heading into the end of the year.

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

  • Vacancy and availability
  • Absorption and leasing activity
  • Rental rates
  • Construction activity
  • Sales activity and cap rates
  • Downtown Atlanta office predictions and forecasts

Download the full Colliers Atlanta Downtown Office Market Report to learn more about the fundamentals shaping the Downtown office submarket of Atlanta, GA.

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Atlanta Real Estate Market Trends | Downtown 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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