Buckhead continues to struggle in Q2.
Following suit to the previous year, Buckhead continues to struggle. After beginning the year at -27,000 square feet of absorption, Buckhead closes the first half of 2022 at -221,757 square feet year to date. Occupancy in the submarket has also declined for the third straight quarter and now rests at 78.7%. This has led overall rental rates to reduce back to $36.92 similar to Q2 of 2021. The silver lining for this submarket has been investment activity. Thanks to the sales of office buildings such as The Pinnacle and 1025 Lenox Park, price per SF and sales volume have continued to increase.
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.