– Class A medical office asking rents in Atlanta have surpassed traditional Class A for the first time in Q2 2026, closing the quarter at $35.86/SF versus $35.05/SF for traditional space. By Q3, the spread had widened to $1.40/SF.
– The premium reflects a tighter supply of available space, with medical availability near 22% compared to roughly 31% for traditional Class A office, a gap that has been widening for years rather than just this quarter.
– Lower availability has given Class A medical landlords greater pricing power, helping rents surpass those of traditional office for the first time in this cycle. With healthcare providers continuing to seek high-quality, specialized space, demand should remain supportive of further rent growth.
