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Atlanta Office Market Overview

Atlanta Office Market

Existing Inventory Vacancy (SF)
Submarket # of Buildings Inventory (SF) Direct Sublease Total Vac% Change
Buckhead 404 22,554,412 2,144,935 107,752 2,957,269 10%
Central Perimeter 701 33,736,068 4,184,765 266,715 4,481,617 13.2%
Downtown Atlanta 388 36,398,620 4,673,213 103,356 4,785,215 13.1%
Midtown Atlanta 393 24,791,222 3,653,786 80,930 3,769,863 15.1%
North Fulton 1834 36,268,564 4,879,537 123,677 5,076,788 14%
Northeast Atlanta 3,255 39,250,660 6,570,322 99,041 6,689,732 17%
Northlake/Decatur 2,334 30,697,120 3,218,460 121,791 3,387,320 11%
Northwest Atlanta 3,071 48,927,618 7,095,548 258,874 7,432,748 15.1%
South Atlanta 2,486 24,639,151 3,376,115 88,701 3,425,612 13.8%
West Atlanta 758 6,314,018 1,133,700 1,136,700 18%
Submarket YTD Net Absorption Under Construction (SF) Avg. Asking Rent (All Classes) Avg. Asking Rent (Class A) Change
Buckhead 315,431 125,000 $32.08 $33.92
Central Perimeter 685,456 $24.47 $28.02
Downtown Atlanta 244,728 $22.04 $23.15
Midtown Atlanta 333,850 487,034 $27.45 $30.20
North Fulton 275,233 109,958 $21.22 $24.02
Northeast Atlanta (73,042) 38,000 $16.50 $20.40
Northlake/Decatur 335,680 38,000 $17.25 $22.60
Northwest Atlanta 64,436 16,650 $18.48 $22.69
South Atlanta 5,453 $15.72 $20.00
West Atlanta 40,733 $16.80 $0.00