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Atlanta Market Reports

Atlanta Office Market

Average Asking Rent (Price/SF) $25.48
Vacancy Rate (%) 16.9%
Net Absorption (SF) 860,024

Atlanta's office market finished 2017 on a strong note with positive fundamentals forecasting continued growth in 2018. The vacancy rate decreased over the quarter, from 17.3% to 16.9%, but was up from last year's rate of 16.6% because of the delivery of unoccupied new space. The overall asking rental rate continued to climb, reaching $25.48/SF by the end of 2017. This was up 1.4% from the average of $25.13/SF last quarter and up 7.4% from $23.73/SF one year ago. Overall, the asking rents in Atlanta's office market have risen 26.0% from their 10-year low in first-quarter 2013.

Atlanta Industrial Market

Average Asking Rent (Price/SF)                     $4.83
Vacancy Rate (%)              7.4%
Net Absorption (SF)     2,528,642

Driven by the e-commerce and distribution business boom, Atlanta's industrial real estate sector finished 2017 with its best performance in a more than a decade, and experts are bullish on 2018. The 2017 vacancy rate fell to a 10-year low of 7.4%, while annual net absorption climbed to a 10-year high of 18.7 million square feet. Rent growth also rose sharply, led by a 48.1% increase for general industrial properties since 2007. The average asking rent across all property types reached $4.83/SF on a triple-net basis, the highest level in 15 years.

 

 



Atlanta Office Market Report
4Q17
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Atlanta Industrial Market Report
4Q17
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