CBD Market Comparison – 2024 vs. 2023
- Overall average asking rents continue to climb in Buckhead, Midtown, and Downtown. This increase is fueled by more expensive premium space on the market and escalating construction costs for new development.
- Availability remained steady across all CBD submarkets year-over-year, indicating a stable supply of office space. This sustained level of availability suggests that tenants will retain leverage in lease negotiations, reinforcing a tenant-favorable environment in Atlanta’s office market.
- The share of Class A space in total leasing volume continues to grow, with Buckhead, Midtown, and Downtown all seeing an increase in 2024 compared to 2023. Companies with the means to invest in top-tier office environments are prioritizing premium spaces to enhance the in-office experience for employees.