Atlanta Office Figures Q2 2026

Market Overview

Atlanta's office market recorded its strongest quarter of activity in four years in Q2, supported by a trifecta of positive net absorption, steady leasing, and declining availability. Absorption posted its highest quarterly gain since mid-year 2022, with Q2’s amount totaling 543K sq. ft.. This was a result of new leasing and expansion in the market which topped 1.4M sq. ft this quarter and is up 11.2% year-over-year. The positive activity led to the market's overall availability rate declining for a seventh consecutive time to 30.3%. Since its peak in 2024, availability for Atlanta office space has decreased by just over 4.7M sq. ft. The delivery of 1072 W. Peachtree in Midtown leaves the active construction pipeline empty in Atlanta for the first time since 2011. Lastly, thanks to the increase in prime building rates, the overall direct asking rate improved to $33.77 per sq. ft. in Q2.