Q1 2020 Buckhead Market Report

Rate in Buckhead continued its upward climb in the first quarter of 2020, moving up YOY by $0.50 or 1.4%. Net absorption for the quarter was negative at 107K SF, a significant drop YOY. Vacancy is up 20 bps YOY and 53 bps QOQ, and has remained relatively flat over the past 3 years. 1Q20 saw leasing activity down over 50% YOY with only 204K SF signed. Atlanta continued to add office-using jobs with another 6,700 jobs added in the first quarter, although there will likely be significant job loss in the coming quarters due to COVID19.

Published: May 19 | 2020 Download