Q1 2022 Midtown Office Submarket Report

Midtown saw negative absorption of (191,182) square feet in Q1 of 2022, taking a slight step back after three consecutive quarters of positive absorption. Over the last 12 months, Midtown has led the Atlanta market with positive absorption of 802,892 square feet over that period. The negative absorption figure from Q1 was largely due to Norfolk Southern moving out of over 250,000 square feet at Promenade Central as they move into their 750,000 square foot built-to-suit headquarters at Tech Square.

Published: May 04 | 2022 Download