Central Perimeter ends the year positive in Q4.
Absorbing just over 100,000 square feet of office in the final quarter of the year, Central Perimeter posted the third highest occupancy gain in the Atlanta office market. The positive Q4 brings the overall vacancy rate to 20.6% which is up 200 basis points (2.0%) year-over-year, but 100 basis points (1.0%) down from the beginning of the year. The occupancy loss in the first quarter resulting from large move-outs by State Farm and Cox Automotive was too big a hole for the submarket as a whole to recover. Still, the submarket has since gained back some of this vacant space and leasing was strong in the back half of the 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.