Three Submarkets to Keep an Eye on for Office Space in Atlanta
Atlanta’s real estate landscape is always changing, but as we near the end of the year we’re able to get a more transparent view of how the different submarkets adjusted to the highs and lows the city of Atlanta experienced in 2022. Here are three submarkets to keep an eye on for office space according to our Atlanta commercial real estate brokers.
It should come as no surprise that Downtown Atlanta would have to be on this list. Atlanta commercial real estate brokers know this submarket contains almost 12% of the of the Atlanta market. This is the largest submarket in the area containing 402 buildings, almost 40 million square feet, and five more buildings under construction. Downtown Atlanta remains the premier location for businesses.
New or growing companies should look into Forsyth County. It’s a close second to downtown in terms of size with 39.8 million square feet and a whopping 1,950 buildings. This is a great area to make connections working in closer proximity with less businesses in each building. This area continues to grow with 12 buildings currently under construction, so make sure to let your Atlanta commercial real estate brokers know to add this submarket to your hunt if you’re a new or growing company.
Pike makes our list for those looking to keep monthly rent low. It has one of the lowest costs per square foot at a little below $19. However, if you’re looking to move here you should decide soon, as rent has increased by 3% this year. So, make sure to lock in your contact with the help of an Atlanta commercial real estate broker now before the space you want bumps up its price.
Of course, there are plenty of other submarkets to choose from, all with their own qualities and hurdles. So, make sure to contact an Atlanta commercial real estate brokers at EpiCity today to find the best fit for your business.