Atlanta Medical Market: Summer 2023

The Atlanta medical office marketplace has stayed very well leased, only having one year of negative absorption (2020) since 2018. Current vacancy rates have risen 80 basis points since Q1, partially due to a 102 KSF increase in sublease space. Construction has also been a factor in rising vacancy, with over 205 KSF of new buildings opening in Q2 and 376 KSF of new buildings under construction. In addition, rental rates have continued climbing 5.3% above Q4 2022. Medical office space will continue to be a bright spot in Atlanta as more medical is needed as Atlanta's population grows.

See all this and more on our Summer 2023 report, detailing Atlanta's medical market.