ATLANTA—Continued growth. Record-breaking overall rental rates. That's the story behind Cushman & Wakefield's second quarter 2017 statistics for the Atlanta office market.
Buckhead, Atlanta's leading office market, reached class A rents of $34.63 per square foot. This marks the first time in Atlanta's history class A office rates have eclipsed $34 per square foot.
“Atlanta's unprecedented rent growth is being driven by an incredible combination of macro and micro economic forces,” Lawrence Gellerstedt, director of Cushman & Wakefield Atlanta's Office Tenant Representation Group, tells GlobeSt.com. “From a macro level, financing for new construction projects other than multifamily has been restrained in this cycle.”
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
