Q2 2022 Cumberland Galleria Office Submarket Report

The Cumberland/Galleria submarket saw positive absorption of 237,376 square feet in Q2 of 2022, the best absorption quarter the submarket has seen since Q4 of 2019. Among the move-ins that contributed to Q2’s positive number were Zep Inc. occupying 25,721 sf at Galleria 600, Georgia Highlands College taking 21,575 sf at 1090 Northchase Pky, and Piedmont Healthcare moving into 20,134 sf at Paces West. The submarket’s vacancy rate fell 90 basis points (0.9%) in Q2, the first vacancy rate drop in over 2 years.

Published: Aug 08 | 2022 Download