Atlanta Real Estate Market Reports

Atlanta Office Market

In the third quarter of 2025, annual full-service asking rates increased by 1.4% quarter over quarter to an all-time high of $33.08/SF. On a year-over-year basis, asking rates increased by 5.2%, reversing a recent trend of moderating annual rent growth. Truist’s 250,000 SF built-to-suit was the quarter’s only delivery. On the demand side, move-outs slightly exceeded move-ins, producing negative 149,746 SF of net absorption and lifting vacancy by 25 basis points quarter over quarter to 26.2%, matching all-time highs. The under-construction pipeline declined to 272,000 SF with the Truist delivery, near all-time lows. The historically low pipeline will improve the supply-demand imbalance. Total leasing activity for the quarter was 2.5 MSF, a 28.3% increase to the previous quarter.

Atlanta Industrial Market

Industrial average rents remained unchanged quarter over quarter at $7.06/SF, still an all-time high. On a year-over-year basis, this represented a 1.6% increase. Net absorption rebounded sharply in the third quarter of 2025 to 2.0 MSF, offsetting some of the 2.8 MSF of negative absorption reported the previous quarter. There were 4.4 MSF of deliveries reported during the third quarter of 2025. As a result of supply outpacing demand, the vacancy rate increased by 10 basis points quarter over quarter to 9.8%, the highest in over a decade. The construction pipeline trended downwards for the ninth consecutive quarter to 4.1 MSF in the third quarter of 2025, the smallest pipeline in over a decade.