{"id":149,"date":"2013-11-14T05:55:23","date_gmt":"2013-11-14T13:55:23","guid":{"rendered":"http:\/\/www.officefinder.com\/officeblog\/?p=149"},"modified":"2016-04-29T10:02:58","modified_gmt":"2016-04-29T17:02:58","slug":"atlanta-office-space-market-overview","status":"publish","type":"post","link":"https:\/\/www.officefinder.com\/officeblog\/atlanta-office-space-market-overview\/","title":{"rendered":"Atlanta Office Space Market Overview"},"content":{"rendered":"

The most populous city in the state of Georgia, Atlanta originated as a railroad town in 1837, and has had a rich history ever since. \u00a0The city became a distributor of military supplies during the Civil War because of its railroad network. \u00a0This is the same reason that the capital was moved there in 1868, and is one of the reasons for its vital role during World War II.<\/p>\n

In the 1960s, Atlanta became the major organizational center for the Civil Rights Movement. \u00a0It has since become one of the most multicultural cities in the U.S. due, in part, to the influx of new immigrants over the past ten years.<\/p>\n

Atlanta is home to more than thirty colleges and universities. \u00a0The most prominent university being the Georgia Institute of Technology, with programs in engineering, computing, the sciences, and liberal arts. \u00a0Young, college-educated professionals have contributed to much of this decade\u2019s demographic change in the city of Atlanta.<\/p>\n

The increase in Atlanta\u2019s diverse population has led to a unique cultural combination which is no longer strictly Southern. \u00a0Encompassing opera, ballet, music, and theater, Atlanta has become a national center for the arts. \u00a0This culture has contributed to making the city a hub for tourism – the seventh most visited city in the U.S.<\/p>\n

Atlanta Economy<\/h2>\n

Atlanta\u2019s economy is largely driven by corporate operations headquartered within the metropolitan area, making it the eighth largest economy in the nation. \u00a0The highly educated workforce in the city has drawn many Fortune 500 companies to headquarter here, including The Coca-Cola Company, AT&T Mobility, UPS, and Delta Airlines.<\/p>\n

Atlanta Office Space<\/h2>\n

The majority of the metro Atlanta office space is located in Downtown Atlanta, with the second-largest concentration being in Midtown Atlanta. \u00a0Buckhead is the city\u2019s uptown district, located north of Downtown, and the third-largest business district. \u00a0The current market conditions for these market areas is below. \u00a0For more information regarding office space in Atlanta, see also Atlanta Office Space<\/a> sister site.<\/p>\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n
\n

Sub-Market<\/strong><\/p>\n<\/td>\n

\n

Vacancy Rate<\/strong><\/p>\n<\/td>\n

\n

YTD Net Absorption<\/strong><\/p>\n<\/td>\n

\n

Avg. Rental Rate<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Downtown<\/p>\n<\/td>\n

\n

24%<\/p>\n<\/td>\n

\n

119,927<\/p>\n<\/td>\n

\n

$20.89<\/p>\n<\/td>\n<\/tr>\n

\n

Midtown<\/p>\n<\/td>\n

\n

21.9%<\/p>\n<\/td>\n

\n

69,375<\/p>\n<\/td>\n

\n

$24.76<\/p>\n<\/td>\n<\/tr>\n

\n

Buckhead<\/p>\n<\/td>\n

\n

18.4%<\/p>\n<\/td>\n

\n

264,171<\/p>\n<\/td>\n

\n

$25.52<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: Atlanta Office Marketview, q3 2013; CBRE Global Research and Consulting<\/p>\n

\n

Find Office Space in Austin<\/a><\/p>\n

Find Office Space<\/a><\/p>\n

By:\u00a0James Osgood<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The most populous city in the state of Georgia, Atlanta originated as a railroad town in 1837, and has had a rich history ever since. \u00a0The city became a distributor of military supplies during the Civil War because of its railroad network. \u00a0This is the same reason that the capital was moved there in 1868,\u2026 Read More »<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[51,37,5,10],"tags":[52,53,17],"class_list":["post-149","post","type-post","status-publish","format-standard","hentry","category-atlanta-office-space","category-office-leasing","category-office-rental","category-office-space","tag-atlanta","tag-atlanta-office-space-2","tag-office-space-2"],"yoast_head":"\r\nAtlanta Office Space Market Overview<\/title>\r\n<meta name=\"description\" content=\"The majority of the metro Atlanta office space is 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