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Atlanta Real Estate Market | Office Market Report 2022 Q1

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Atlanta’s office market kicks off the year with a slow start.

  • Absorption returns to negative territory slowing the positive momentum that has been building up for Atlanta office.
  • Overall office vacancy takes a slight step in the wrong direction.
  • Average rental rates continue to climb at a slowing pace.
  • Investor appetite remains strong with almost $1billion in transactions.

Atlanta office market overview

The start of the year was not a continuation of progress, but rather a regression for the Atlanta office market. After ending the year on a good note, Atlanta finds itself back in negative absorption territory again at roughly -425,000 SF. This demonstrates Atlanta’s struggle to find level footing since the onset of the pandemic and a slow start to this year in leasing activity. However, year over year Atlanta finds itself in an improved position and outlook as many companies return to office and others relocate their headquarters to Atlanta.

Atlanta real estate market forecast

After ending the year on a good note, Atlanta’s office absorption finds itself back in the red. The lack of leasing activity to start the new year in combination with a handful of move outs can be attributed to this result. However due to recent signings and future move ins, the outlook on Atlanta’s office market remains optimistic.

 

Atlanta Office Market Report

Atlanta Real Estate Market | Office Market Report 2022 Q1

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Related Experts

Jodi Selvey

Vice Chair, Principal

Atlanta

Jodi Selvey specializes in Office Tenant Representation. She works with her clients to provide strategic planning and solutions to their real estate needs. Ms. Selvey offers over 30 years of comprehensive real estate experience which includes leasing a number of corporate headquarters locations, office building sales, site selection, restructuring of leases, and providing detailed financial analyses. Jodi executes in a creative way to solve complicated transactions, whether she’s asked to sell a difficult building, meet a nonprofit organization’s financial benchmarks, or seek out nontraditional solutions for a client. Additionally, Ms. Selvey works with national clients on multicity assignments, thereby creating a single point of contact for all their real estate needs across the country.

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