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Atlanta Office Recovery Outperforming Major Regions Including LA

Leasing activity in 2024 hit 10.6 million square feet, up 8.8% from the previous year.

By Anthony Russo | February 05, 2025 at 08:15 PM

Atlanta’s office sector has been seeing a strong recovery from the pandemic, as documented in Avison Young’s latest report analyzing the market and the asset class.

Leasing activity in 2024 in the metro area hit 10.6 million square feet, up 8.8 percent from the previous year. While that figure remains down 21 percent from pre-pandemic averages (2015-2019), it’s outperformed major prime and gateway regions including Los Angeles, Chicago, Boston, and San Francisco. Activity is down 29 percent, 33 percent, 39 percent, and 37 percent from the pre-pandemic average. Meanwhile, Manhattan and Washington, D.C. have seen the best recoveries, with leasing only down 10 percent and 20 percent respectively.

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