Atlanta office market reports

Q3 2023

The Atlanta office market ended third quarter with 854,972 sf of negative absorption due to several large move-outs. Rental rates have slightly decreased as well as construction activity due to an increase in availability. Spec suites are currently seen as an enticing option for both tenants and landlords as they are more marketable, move-in ready, and provide each with a quick leasing alternative as opposed to 2nd generation space. The Atlanta office market continues to see an upward trend in available sublease space, especially in the larger blocks to consolidate office space and cut costs.


The banking, finance, insurance, & real estate sector drives 2023 leasing

22% of leases over 25,000 sf signed during third quarter were in the banking, finance, insurance, and real estate industries.

9 msf

Large block available sublease space continues to increase

Over 9 msf of total sublease space is available, up 34% year-over-year.


Spec suites seen as an enticing option for quick leasing

Within the past 12 months, 32% of new leases signed fell in the size range for traditional spec suites in the Atlanta market.


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Get in-depth office market reports and insights from commercial real estate experts in the Greater Atlanta area. Avison Young advisors look at Atlanta commercial real estate activities and the latest Atlanta statistics to provide you expert market research on Atlanta's office properties.

Explore different topics like the latest office market pricing trends and analysis of Atlanta's current office real estate market conditions. Gain a better understanding of Atlanta’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Atlanta's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Atlanta.

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