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Atlanta Real Estate Market Trends | Downtown Atlanta Office Q4 2021

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First-half vacancies negatively impact Downtown for the Year in Q4.

Downtown finished the year with the second largest occupancy loss in Atlanta’s office market. Vacancies by SunTrust, WeWork, and Georgia-Pacific during the first half of the year were too much for the submarket to recover in the year. Although seeing a nice positive bump in the third quarter, Downtown returned to negative absorption in Q4, albeit by a minimal amount. Following the first-half losses, overall vacancy has remained relatively level ending 2021 at 15.4%. With the ongoing pandemic affecting office decisions, the submarket has struggled to gain any traction on the leasing side. This will put pressure on space absorption in 2022.

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.

Colliers 2021 Q4 Atlanta Downtown Office Report Commercial Real Estate Trends and Outlook

Atlanta Real Estate Market Trends | Downtown Atlanta Office Q4 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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