ATLANTA—Continued growth. Record-breaking overall rental rates. That's the story behind Cushman & Wakefield's second quarter 2017 statistics for the Atlanta office market.
Buckhead, Atlanta's leading office market, reached class A rents of $34.63 per square foot. This marks the first time in Atlanta's history class A office rates have eclipsed $34 per square foot.
“Atlanta's unprecedented rent growth is being driven by an incredible combination of macro and micro economic forces,” Lawrence Gellerstedt, director of Cushman & Wakefield Atlanta's Office Tenant Representation Group, tells GlobeSt.com. “From a macro level, financing for new construction projects other than multifamily has been restrained in this cycle.”
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