Take the Coca-Cola Enterprises scenario, for example. The bottling firm is subleasing 17,000 sf from United Acceptance for two years at Northcreek Office Park near the OK Cafe in the tony Buckhead/Lenox district of Downtown.
United Acceptance had been subleasing the same space from Alexander Howden North America. Now United Acceptance is moving to 2400 Lake Park where it will be subleasing 10,000 sf from United Healthcare.
None of the parties disclosed terms of their subleases. But a new Richard Bowers & Co. second-quarter analysis of the 6.8 million-sf Buckhead/Lenox class A office submarket shows average asking rents of $28.62 per sf.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 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.
