Q4 2021 Midtown Office Submarket Report

Midtown saw 166,936 square feet of positive absorption in Q4, the highest total in the Atlanta office market. Midtown also led the way in space absorbed in 2021, 556,701 square feet of positive absorption on the year. The positive absorption in Q4 was driven by multiple large move-ins, including FanDuel and OnPay occupying 66,971 and 20,830 square feet respectively at Ponce City Market, Regus moving into 56,452 square feet at Star Metals, and MacDermid Graphic Solutions taking 45,000 square feet at The Works. The vacancy rate for Midtown fell 40 basis points (0.4%), finishing the quarter at 22.7%.

Published: Feb 15 | 2022 Download