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Atlanta Real Estate Market Trends | Downtown Atlanta Office Q2 2022

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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.

Downtown Atlanta Office Report Q2 2022

Atlanta Real Estate Market Trends | Downtown Atlanta Office Q2 2022

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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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