Atlanta Office Market: Q4 2024
Atlanta's office market showed signs of improvement in Q4, marking the first quarter of positive net absorption since Q3 2022. Class A space led absorption gains, while Class B continued to struggle, reflecting a flight to quality. Rental rates rose by .5%, and the construction pipeline fell below 300,000 SF. Midtown saw positive absorption but rising vacancy (31.7%) due to new deliveries, while Downtown had the worst performance (-80.5 KSF). Sublease space remains high at 3.1 MSF.
