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Atlanta Real Estate Market Trends | Midtown Atlanta Office Q3 2021

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Midtown absorbs highest quarterly amount of space ever.

At just under 1.7-million square feet, Midtown accounted for 80% of market absorption in the third quarter. The submarket saw large occupancies power Atlanta’s office scene with Norfolk Southern (750K), Microsoft (524K), and Anthem (263K) each occupying new buildings. Vacancy is back below 20% because of these gains. The submarket also had the highest amount of space delivered in Q3 with Norfolk Southern’s headquarters and 1105 West Peachtree coming online. The average asking rent for office space increased following last quarter’s slight dip. Third quarter’s activity will result in a positive year for the submarket.

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

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

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

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Atlanta Real Estate Market Trends | Midtown 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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