Atlanta office market reports

Q3 2022

The Atlanta office market continues to remain strong, ending with over 500,000 sf of positive absorption in the third quarter of 2022. Rental rates have maintained their upward momentum as has construction activity. Although leasing activity remains strong, some companies may put decisions on hold as they wait to see how inflation impacts the market.
2.9 msf


With over 2.0 msf delivered in Q3, speculative construction activity remains strong, especially in the Midtown submarket. 17% of the space currently underway is preleased. 
517,076 SF

Net Absorption

After a slow start to 2022, absorption activity remained high due to Cisco moving into 114,000 sf and Hapag-Lloyd moving into 128,000 sf.
$30.95 psf

Direct Asking Rent

Average asking rents recorded an increase year-over-year, up 2.9%. As activity and construction costs remain high, rates will maintain their upward trend.
48.8 msf


The market has 6.3 msf of sublease space on the market, a record high for metro Atlanta.


The overall vacancy rate has remained stable over the last few quarters and is anticipated to decline later in the year as the market records more positive absorption. 

Investment Sales

Year-to-date activity has steadily increased since the significant decline in 2020. Numerous significant urban office sales have driven this activity as well as the average price per square foot. 

Your source for the latest Atlanta office market reports

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.

The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Learn more about AVANT.

Get the latest Atlanta office market reports right in your inbox

The Vitality Index
Measuring the return of people and places

After two and a half years of unprecedented disruption to how we work and live, companies across North America continue to grapple with uncertainty. What will the future of work look like? Are city downtowns regaining their pre-pandemic vitality? How will societal, cultural and environmental shifts shape the next normal?

Click here to view the new 2022 Vitality Index

Hero Image