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Atlanta Office Market Hits Milestone

ATLANTA—Atlanta's office market is on a winning streak. In fact, it's the first time since 2009 that vacancy dipped below 18%. What's driving the momentum?

By Jennifer LeClaire | Updated on October 14, 2014

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.

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