Atlanta office market reports

Office Insights Q2 2021

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The Atlanta office market has begun to rebound from the pandemic and is getting close to early 2020 numbers. Leasing activity has increased significantly, rental rates are stabilizing, and absorption should see positive momentum during the second half of 2021.

3.9%

Economic Conditions

Unemployment rate in metro Atlanta, down 870 bps from the height of the pandemic.

42.9%

Recovery Rate

The overall post-COVID rate of recovery based on extrapolated cell phone data. This was led by growth in transit and hospitality.

20.6%

Office Demand

Midtown’s percentage of total leasing activity in the Atlanta market during the first half of 2021.

42.9%

Office Supply

Amount of new sublease space on the market since the first half of 2020. While a large increase for Atlanta, this is well behind the surge of space that Austin, San Francisco, and New York have seen.

2.0%

Pricing Trends

Year-over-year increase in rental rates. Anticipated to remain steady as landlords evaluate their concession packages and construction costs begin a downward trend.

$2.4B

Capital Markets

Total office investment volume (in billions) in metro Atlanta for the period from Jan 2020 through Jun 2021. The largest sale during Q2 was Blackstone’s $248 million acquisition of Anthem Technology Center in Midtown.

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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.

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