ATLANTA—Atlanta's office market is on a winning streak, with positive momentum spilling over to the third quarter. Vacancies continued declining in the period, settling at 17.9%, according to the latest research from Cushman & Wakefield. That's an improvement over second quarter stats.

In fact, it's the first time since 2009 that vacancy dipped below 18%. Those occupancy gains translated into a 130 basis point vacancy decrease from 2013 year-end and a 150 basis point decrease year-over-year. Overall office space absorption totaled 463,357 square feet.

All told, Atlanta's office market has posted 11 consecutive quarters of net occupancy gains, which continue to drive its vacancy downward towards pre-recession levels. Year-to-date absorption for 2014 now totals 1.7 million square feet, a 54% increase compared to the year-ago period.