Atlanta office market reports

Q3 2024

The Atlanta office market ended Q3 with 295,971 sf of negative absorption. Leasing activity has increased in 2024 as tenants are becoming more confident in making decisions. Not only is activity up, but the average size of deals signed has increased 60% year-over-year and rental rates remain steady. Sublease availability is down 6% quarter-over-quarter after 224,000 sf was absorbed during Q3. Atlanta is starting to see higher class transactions, but they are still selling at a discounted rate than they were previously. Considering upcoming loan expirations as well as the announcement of rate cuts by the Federal Reserve, sales activity is projected to strengthen.
 
2.3%

Leasing activity remains sound in 2024

7.3 msf of leasing activity was captured during Q3 2024, a 2.3% increase year-over-year.

-43%

Higher class properties are transacting at a discounted rate compared to previous years

Atlanta’s highest sale for Q3 was a class A asset that transacted for 43% lower than what the property sold for in 2017.

224k sf

Sublease space displayed positive absorption for Q3

224k sf of sublease space was absorbed during Q3 directly impacting availability.

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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.

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