Atlanta Office Market
| Average Asking Rent (Price/SF) | $28.83 |
| Vacancy Rate (%) | 21.1% |
| Net Absorption (SF) | -2,421,871 |
The COVID-19 pandemic continued to impact the office leasing market in Atlanta during the first quarter of 2021. Additional sublease space was added to the market as companies look at opportunities to save money. Several corporate consolidations and downsizings continued, headlined by AT&T’s final move out of 930,000 square feet near the Lindbergh MARTA station as it completes its regional consolidation into Lenox Park in Buckhead.
Download Atlanta Office Market Report 1Q21
Atlanta Industrial Market
| Average Asking Rent (Price/SF) | $5.18 |
| Vacancy Rate (%) | 6.8% |
| Net Absorption (SF) | 7,795,701 |
The end of 2020 was a high note for the Atlanta industrial market, which saw continued expansion of fundamentals as demand from e-commerce and logistics companies skyrocketed due to the pandemic. Amazon continued its expansion efforts in Atlanta, opening its new multistory distribution center. This represented the region’s first multistory warehouse and one of only a few around the country.
Download Atlanta Industrial Market Report 4Q20