Atlanta Office Occupier's Guide - Q2 2022

After the turmoil of the COVID-19 pandemic, the Atlanta market is starting to return to some normalcy as seen by recent quarterly trends. Long-term effects of the virus on the CRE sector for Atlanta are still unknown, bringing with it unpredictability and speculation about what could come next. Partly due to major corporate relocations such as SunTrust and AT&T, one concern is sublet space on the current market that is the highest since the Great Recession from 2007-2009. Up 3.2 million SF from 2020, Atlanta’s sublet space now equals around 6.8 million SF. However, even with low leasing activity compared to pre-pandemic levels, Microsoft, Google, Visa, Ford EV, and other large technology companies are making huge commitments to Atlanta with a new and/or expanded presence within the city.