ATLANTA—Atlanta ranked third in the live-work-play dynamics index, behind San Francisco and Houston. That's according to CBRE's North American Suburban Office Trends Report. The report analyzes the characteristics and opportunities of the top 25 suburban office markets within urban areas, which the report names urban-suburban submarkets.

Specifically, the established urban-suburban market in Atlanta is North Fulton. The emerging markets are Central Perimeter, Cumberland Galleria and Northlake/Decatur.

These suburban markets also have the potential to command rents that are at least as high, if not higher, than downtown rents, reflecting strong tenant demand for these locations, CBRE reports. Emerging urban-suburban markets also have the potential to become established submarkets, presenting unique opportunities for occupiers to secure space for lower rents and for investors to buy for lower prices in areas that are poised for future growth.