Atlanta Office MarketView Q4 2021

Over the last several quarters, rents have held steady. Asking rent trended slightly upward from last quarter to end the year at $29.47 per sq. ft. 

The delivery of almost 4 million sq. ft. of new office over the next year or so is expected to elevate Atlanta’s market rent.

The Atlanta office market recorded 498,232 sq. ft. of positive absorption. Over the previous three quarters, absorption has now totaled almost 1.1 million sq. ft.

Atlanta’s office market demand continued to be strong during Q4 as leasing activity totaled 2.5 million sq. ft., bringing the 2021 total to over 9.3 million sq. ft.