Market outlook: Atlanta office activity proving promising for 2025
– Although Atlanta’s 2024 office leasing activity was down 21% compared to pre-pandemic numbers, the market is recovering, and activity has grown nearly 10% when comparing year-over-year with over 10.6 msf of space leased during the year.
– When looking at pre-pandemic averages, Atlanta’s leasing recovery is in line with other gateway markets and outperforming prime markets including Los Angeles, San Francisco, Chicago, and Boston. Manhattan is the only market experiencing sensational recovery when collating the data.
– The positive trend in activity within most markets indicates an uptick in activity for 2025. Tenants are showing confidence, owners are becoming more active and seeking out investment opportunities, and the media continues to announce RTO mandates that are trickling in from major companies giving the CRE industry an overall feeling of optimism going into the new year.
February 4, 2025