The Federal Government Is in Search of Atlanta Office Space

As commercial real estate professionals, we stay abreast of the latest comings and goings in the Atlanta office space scene.

One recent news item that we picked up on involved one of the area’s largest tenants – the federal government.

According to reports, the federal government, through the General Services Administration (GSA), is hunting for Atlanta office space for an as-of-yet undisclosed federal agency. The desired office space is in North Fulton County, near McFarland Parkway, Alpharetta Highway, and Ga. 400, for a lease that could last up to 10 years.

The GSA is looking for 16,379 to 17,198 square feet of class A space, which goes for around $21 per square foot in that particular area. Additional criteria includes high visibility, including signage viewable from the primary or secondary street. The space must also be easily accessible, which suggests that the federal agency that will be inhabiting the space will have a high amount of consumer traffic.

The news comes after the federal government’s announcement that it will begin consolidating leases across the country in a bid to save taxpayer money. The consolidation will save approximately $38 million a year across all federal government tenants.

Any business in search of high-visibility Atlanta office space should follow the GSA’s example in what is important for such a space. Signage is always a consideration, and any business that depends on consumer traffic needs quick and easy access to major thoroughfares.

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