Atlanta Office Market: Fall 2023

Return-to-office mandates have not slowed the shedding of office space by tenants. Sublease options also increased to the highest amount of space available ever recorded. In Q3, net absorption declined (-1.34 MSF), with over one million (-1.04 MSF) lost in the suburbs. While asking rental rates increased by $.12 in Class A & B space, and $.18 in Class C, suburban rates are almost $10 less: $27.41 vs. $37.21 in the CBD. Concessions in free rent and TI packages are increasing as Landlords seek to keep occupancy up and attract tenants to their buildings.

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