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Atlanta Real Estate Market Trends | Buckhead Office Q4 2021

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Buckhead_2019

Tough year for Buckhead office market

While Buckhead ended the year absorbing 70,000 square feet of office, the submarket experienced its worst year ever of occupancy losses in 2021 thanks mostly to AT&T/Cricket Wireless’ vacancy at Lindbergh City Center in the first quarter. Overall vacancy hovered around the 20% mark for the remainder of the year following this move out; the highest level in ten years for the submarket. Given the elevated space availability, Buckhead’s rental rate was mostly steady throughout the year. This is likely to continue for the coming year. Still, the pick up in leasing activity is a step in the right direction for future occupancy gains in the submarket.

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

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

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


Buckhead Office Report Q4 2021

Atlanta Real Estate Market Trends | Buckhead Office Q4 2021

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Drew Levine

Senior Vice President, Principal

Atlanta

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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