After the financial crisis, Atlanta registered a 16% drop in its office sales volume, which set the market back two spots in Commercial Café's Top 20 markets to invest—from number between 1997-2007 to number in 2008-2017.

“Atlanta has seen a huge drop in sales volume after the crisis, with 2009 and 2010 being particularly bad for the market—a 94% and 89% drop, respectively, compared to 2008 volumes. By H1 2017 however, Atlanta had several years of growth behind it—not enough to keep its pre-crisis ranking, but enough to keep it in the top 10, at number nine, with a total of $20.9 billion in transaction volume.”

The landscape of the top office buyers before and after the crash has seen some major upheavals. Several key players dropped out of the top 10 after 2007. Two of them are Tishman Speyer and Macklowe Properties.

(Here's how pre-leased office space is impacting Atlanta's market.)

Other investors have dropped several places in the ranking. Equity Office Properties Trust went from number two to number seven, while Beacon Capital Partners took a dive from number three to number 10. At the same time, many other newcomers have taken over the list, most notably JPMorgan Asset Management at number one with a $10.8 billion post-recession sales volume.

ATLANTA—It's been 10 years since the financial crisis delivered a major blow to the US real estate market. The commercial real estate market's resilience has been severely tested and there were serious concerns even after the 2015 post-recession peak that things could get ugly once the dreaded 2016 and 2017 wall of loan maturities would come into view.

Using office sales data from Yardi Matrix and Moody's loan stats, Commercial Cafe analyzed the last 20 years of the US office sales market, from 1997 to October 28th, 2017. There are several noteworthy takeaways that relate to Atlanta.

“The last 20 years have been rather eventful in the world of commercial real estate, Commercial Cafe research analyst Ionut Ciutac tells GlobeSt.com. “If we look at the list of top 20 markets for office investments, there has been quite a reshuffle. Some markets only rose or dropped by one place—like San Francisco or LA—while others have experienced major changes. Chicago dropped three places, Dallas rose by six points.”

(What's the reaction to Atlanta's rising rents in a tightening market? Find out.)

After the financial crisis, Atlanta registered a 16% drop in its office sales volume, which set the market back two spots in Commercial Café's Top 20 markets to invest—from number between 1997-2007 to number in 2008-2017.

“Atlanta has seen a huge drop in sales volume after the crisis, with 2009 and 2010 being particularly bad for the market—a 94% and 89% drop, respectively, compared to 2008 volumes. By H1 2017 however, Atlanta had several years of growth behind it—not enough to keep its pre-crisis ranking, but enough to keep it in the top 10, at number nine, with a total of $20.9 billion in transaction volume.”

The landscape of the top office buyers before and after the crash has seen some major upheavals. Several key players dropped out of the top 10 after 2007. Two of them are Tishman Speyer and Macklowe Properties.

(Here's how pre-leased office space is impacting Atlanta's market.)

Other investors have dropped several places in the ranking. Equity Office Properties Trust went from number two to number seven, while Beacon Capital Partners took a dive from number three to number 10. At the same time, many other newcomers have taken over the list, most notably JPMorgan Asset Management at number one with a $10.8 billion post-recession sales volume.