Atlanta Office Figures Q1 2026

Market Overview

The Atlanta office market showed mixed but improving signals in Q1. Net absorption declined by 443,000 sq. ft., impacted by large blocks of sublease space transitioning back to direct availability. Excluding these rollovers, much of the market posted modest gains. The availability rate declined to 33.1%, down 1.8 percentage points year-over-year. Cumberland/Galleria, Midtown, and North Fulton led the improvement, underscoring where tenant demand is most active. Notably, KPMG committed to over a 100,000 sq. ft. lease in Midtown relocating from its longtime hub in Downtown. In addition, Hisense’s made an 80K sq. ft. commitment in North Fulton establishing a new national headquarters in Atlanta.