Atlanta Office Market
In the fourth quarter of 2025, annual full-service asking rates increased by 0.8% quarter over quarter and 2.8% year over year to an all-time high of $33.30/SF. There were no deliveries in the fourth quarter of 2025. On the demand side, move-ins exceeded move-outs, producing positive 283,105 SF of net absorption and pushing vacancy down by 21 basis points quarter over quarter to 26.3%, though still near all-time highs. The under-construction pipeline remained unchanged at 272,000 SF, near all-time lows. The historically low pipeline will improve the supply-demand imbalance. Leasing activity for the quarter was 1.9 MSF, a 33.5% increase to the previous quarter. Total leasing for 2025 was 9.4 MSF, reflecting a 26.5% decline over 2024.
Download Atlanta Office Market Report 4Q25
Atlanta Industrial Market
Industrial average rents rose 3.7% quarter over quarter to $7.36/SF, an all-time high. On a year-over-year basis, this represented a 6.2% increase. Net absorption increased sharply in the fourth quarter of 2025 to 7.6 MSF, offsetting the 2.8 MSF of negative absorption reported in the second quarter and bringing the 2025 total to 8.9 MSF. There was only 766,439 SF of deliveries reported during the fourth quarter of 2025. As a result of supply outpacing demand, the vacancy rate decreased by 80 basis points quarter over quarter to 8.9%. Despite inching up to 5.7 MSF in the fourth quarter of 2025—just 0.7% of total inventory—the construction pipeline remains at historically low levels and is currently 34.2% preleased.
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