In Atlanta, MemberSuite, an association management software provider, has inked a long-term lease at 47 Perimeter Center East. Since 2010, the company has grown from a 2,300 square feet to 17,145 square feet of office space. Atlanta has indeed emerged as a tech-dominant city.

“The tech sector remains a catalyst for office space demand across the city,” Bennett Gottlieb, vice president for Advisory & Transaction Services-Occupier at CBRE, tells GlobeSt.com. “MemberSuite's consistent growth is another good example of this. Given the challenges that arise from a healthy real estate market, including rising real estate costs, competition for space, and increased construction costs, a thoughtful growth strategy is paramount.”

ATLANTA—Atlanta's suburban and urban—Buckhead and Midtown—markets ranked among the top five US growth markets. So says CBRE's Global Prime Office Rents report. The three other growth markets were Chicago, Seattle suburban, and Seattle downtown.

Atlanta's suburbs came in as a top 20 market globally when studying the year-over-year change in office rents (8.4%). Buckhead and Midtown were #21 globally (7.5%).

“Because of the current market dynamics, landlords in Atlanta are more emboldened to increase rents than they have been in the past 20 years,” Sabrina Gibson, CBRE senior associate of Advisory & Transaction Services, Investor Leasing, tells GlobeSt.com. “Concessions are trending in their favor, which is not the case in some other major markets, and which makes Atlanta a favorable place for landlords. For owners willing to take risks, and those who understand the local market fundamentals, there are unprecedented opportunities to capitalize on the increased demand for non-commodity office product in Atlanta's urban and suburban markets.”

In every region, markets with the strongest rate of growth also featured a high proportion of technology, media and telecommunications occupiers seeking new space. Examples include more established tech hubs such as Seattle, Berlin and Stockholm, and emerging centers in Dublin and Cape Town, according to the report.

In Atlanta, MemberSuite, an association management software provider, has inked a long-term lease at 47 Perimeter Center East. Since 2010, the company has grown from a 2,300 square feet to 17,145 square feet of office space. Atlanta has indeed emerged as a tech-dominant city.

“The tech sector remains a catalyst for office space demand across the city,” Bennett Gottlieb, vice president for Advisory & Transaction Services-Occupier at CBRE, tells GlobeSt.com. “MemberSuite's consistent growth is another good example of this. Given the challenges that arise from a healthy real estate market, including rising real estate costs, competition for space, and increased construction costs, a thoughtful growth strategy is paramount.”