Q4 2022 Downtown Office Submarket Report

Downtown Atlanta recorded -14,916 square feet of absorption lowering the year to-date-total to 87,400 square feet. This represents a significant increase of 115.4% in annual absorption for Downtown compared to 2021’s absorption figure of -567,419 square feet. Downtown Atlanta’s vacancy of 22% remains hindered by the recently delivered vacant Fourth Ward office building. This office building was 68.4% pre-leased by Mailchimp who is expected to occupy the space by the end of the first quarter.

Published: Mar 06 | 2023 Download