Figures

Atlanta Office Figures Q4 2024

January 10, 2025 10 Minute Read

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‒With office availability at 32.9% in Q4, high levels persist as tenants continue to reevaluate their space requirements.
 
‒Despite an improvement from the previous quarter, absorption remained negative at -146K sq. ft. Tenant move-outs from consolidations surpassed new leasing activity.
 
‒Despite elevated availability, asking rates increased to $31.75 per sq. ft., a 2.7% rise Y-o-Y. Though down Q-o-Q, Prime building rates rose, growing by 4.4% Y-o-Y, emphasizing flight-to-capital.