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Atlanta tenants aren’t leaving the office. They’re getting pickier. More businesses are trading large, underused floor plates for smaller spaces that have real character in locations people enjoy. More companies moved in than moved out during Q2 this year, producing roughly 604,000 square feet of net absorption and bringing vacancy down to 26.1%. High vacancy alongside positive absorption tells an important story: demand is real, but it’s flowing toward specific kinds of space, not spreading evenly across the market.

The first quarter of 2024 marked a challenging period for Atlanta’s CRE market. With the overall availability rate reaching a record 32.4%, the city continued to grapple with high vacancy rates and significant negative absorption, particularly in key submarkets like Downtown and Midtown.

The first quarter of 2024 marked a challenging period for Atlanta’s CRE market. With the overall availability rate reaching a record 32.4%, the city continued to grapple with high vacancy rates and significant negative absorption, particularly in key submarkets like Downtown and Midtown.

The first quarter of 2024 marked a challenging period for Atlanta’s CRE market. With the overall availability rate reaching a record 32.4%, the city continued to grapple with high vacancy rates and significant negative absorption, particularly in key submarkets like Downtown and Midtown.

The first quarter of 2024 marked a challenging period for Atlanta’s CRE market. With the overall availability rate reaching a record 32.4%, the city continued to grapple with high vacancy rates and significant negative absorption, particularly in key submarkets like Downtown and Midtown.

The first quarter of 2024 marked a challenging period for Atlanta’s CRE market. With the overall availability rate reaching a record 32.4%, the city continued to grapple with high vacancy rates and significant negative absorption, particularly in key submarkets like Downtown and Midtown.