Downtown takes a step back from Q1 momentum.
After starting the year off on the right foot, Downtown returns to negative territory at -44,000 square feet of absorption. In addition to this, vacancy has taken a slight dip of 10 basis points but remains steady year over year. Despite this negative activity, Class A rental rates increased by 9.26% to $30.91 from Q1. These attributes can likely be accredited to the lack of leasing activity in the submarket. With that being said, investor interest to redevelop Downtown creates a bright spot on what would be considered a lackluster first half of the year.
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.