Atlanta Office Market Review - Q1'17
The Atlanta office market ended the first quarter 2017 with a vacancy rate of 15.1%. This vacancy rate was unchanged over the previous quarter with net absorption totaling negative (258,211) square feet and 130,000 square feet in deliveries. Quoted rental rates ended first quarter 2017 at $23.40 per square foot, up from $23.30 per square foot in the fourth quarter 2016. At the end of first quarter 2017, there was 5,242,106 square feet under construction in the Atlanta office market.