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Atlanta Real Estate Market | Office Market Report 2022 Q4

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Atlanta Office Market Report

Atlanta’s office market records positive annual absorption.

The final quarter of the year lead to Atlanta’s office market recording its third straight quarter of positive absorption and first positive annual absorption in two years. The 1.5 million square feet of absorption year-to-date represents significant strides made since the pandemic. However, while the Atlanta office market has made significant progress, it has yet to reach pre-pandemic levels. At 16.9%, vacancy has now reached a decade high and sublease availability has become more prevalent. This vacancy has slowed the rate at which rental rates have increased year-over-year.

What you'll learn in this quarter's Atlanta Office Market Report:

  • Vacancy and availability
  • Absorption and leasing activity
  • Rental rates
  • Construction activity
  • Sales activity and cap rates
  • Atlanta office market forecast and insights

Download the full Colliers Atlanta Office Market Report to learn more about the fundamentals shaping the Atlanta market this quarter.

Atlanta Office Market Report Q4 2022

Atlanta Real Estate Market | Office Market Report 2022 Q4

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Nathan Knowles

Executive Managing Director, Principal


Nathan is the Executive Managing Director and Market Leader at  Colliers and has global experience leading businesses and teams at some of the world’s most recognized companies. His first job out of college was working in a warehouse and becoming forklift certified, hand-writing serial numbers, and learning distribution, consumer durables, and end-to-end supply chain from the ground up. Since then, he has had a progressive career with multiple leadership roles Internationally. Nathan's background and experience helps clients understand how real estate decisions affect their entire business operations. He has led and built a direct-to-consumer business, negotiated and leased +1 MM SF distribution centers, conducted site selection projects for international companies, optimized end-to-end supply chain for distributors, managed large global accounts, and consulted on the distribution of the H1N1 vaccine.

This experience in both Corporate America and Commercial Real Estate blend seamlessly and provide his clients with industry expertise. Since he has had time sitting on both sides of the table, he has unique insights that to help clients make the best decisions to execute on their strategies.

Earlier in his career, Nathan held multiple leadership roles at Electrolux Major Appliances, the world's second largest appliance manufacturer. Most recently, he was the General Manager, Ownership Solutions with responsibility for North America. This business unit had six service lines within a +$16 Bn global public company. He also has previous leadership experience at LG, Booz Allen Hamilton, and General Electric.

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