Atlanta office market reports

Q4 2024

The Atlanta office market ended Q4 with 263,074 sf of negative absorption. Leasing activity has increased in 2024 as tenants are becoming more confident in making decisions. Not only is activity up for deals being executed, but office visitation has reached 78.2% of the pre-pandemic levels as return to office mandates continue to be enforced which will continue to drive activity in 2025. Due to the uptick in activity during 2024 and rental rates holding steady, owners of office assets are showing more active in the market looking for investment opportunities. Investment sales activity in 2024 exceeded total investment sales volume recorded in 2023. Based on market performance throughout 2024, the Atlanta office market is looking bullish for 2025.

8.8%

Leasing activity increased in 2024

10.6 msf of leasing activity was captured during 2024, an 8.8% increase year-over-year.

78.2%

Atlanta’s office visitation recovery is outpacing the national average

Atlanta’s office visitation has reached 78.2% of the pre-pandemic levels as of October 2024.

$732M

2024 investment activity surpassed sales volume captured in 2023

Although investment sales activity has been tempered for office assets, 2024 transaction volumes surpassed 2023 activity.

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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.

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.