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Area Office Absorption Moving Toward '00 Levels

ATLANTA-With 3.4 million sf of absorption anticipated in 2007, the office market will reach the highest levels of absorption since 2000.

By Natalie Keith | Updated on October 11, 2007

ATLANTA-With 1.87 million sf of absorption in the third quarter and 3.4 million sf of absorption anticipated for 2007, the office market is on pace to reach the highest levels of absorption since 2000, according to a Richard Bowers & Co. market report.

“The full year 2007 will clearly have the highest absorption so far this decade,” says Richard Bowers & Co. president and founder Richard Bowers. “After six years of negative Downtown absorption, Downtown was the leading submarket in absorption year-to-date, also by a wide margin.”

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