Q1 2022 Downtown Office Submarket Report

Downtown Atlanta saw positive absorption of 28,274 square feet in Q1 of 2022, the best absorption figure of any submarket in the Atlanta office market. The bulk of these gains was among Class B properties, which saw positive absorption of 33,674 square feet in Q1. Thanks to Waldo’s breaking ground in December of 2021, Downtown now boasts 710,550 square feet under construction, the second-highest figure of any Atlanta office submarket behind only Midtown. 53% of this space is already leased, including Mailchimp signing a 300,000 square foot lease at the beltline-adjacent 760 Ralph McGill.

Published: May 10 | 2022 Download