Atlanta office market reports
Q1 2023
The Atlanta office market started the year off with 42,287 sf of negative absorption in the first quarter of 2023 due to the execution of smaller deals compared to prior quarterly leasing activity. Rental rates have slightly increased and construction activity has maintained momentum. Although leasing activity remains strong, some companies may put decisions on hold as they wait to see how inflation impacts the market, and many tenants are renewing leases within their current space for a short-term solution. The Atlanta office market is also seeing an upward trend in available sublease space, as if companies are testing putting space on the market before fully committing to vacate the space.
Increase in lease renewals year-over-year
Sublease availability continues to hit record highs
Atlanta is the leading market for office loans set to mature by 2025
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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.
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