Atlanta Office Occupier's Guide - Q4 2022
As the year 2022 comes to a close and we enter Q1 2023, Atlanta’s office market continues to face challenges in the aftermath of the pandemic. With many companies still unsure of their long-term plans for office work, businesses are taking a variety of approaches to navigate these uncertain times. Despite the ongoing challenges, Atlanta’s office market remains a compelling option for new tenants, thanks to its affordability, mass transit, and vibrant cultural scene. At of the end of 2022 Q4, Atlanta’s office market boasts over 5 million square feet of new space available for occupancy. This marks five consecutive quarters of increased space availability, pushing the city’s sublease space to a 15-year high. The bulk of the newly available space in the Atlanta area is classified as Class A and B, with the Midtown submarket being particularly popular among tenants. Atlanta’s positive attributes make the city an attractive place to set up shop, even as the economy faces ongoing uncertainty. Flight to quality has continued to be the most consistent theme in the market, with the highest quality buildings and locations attracting the most demand. Atlanta’s office market continues to shine as a beacon of opportunity for businesses of all sizes and industries.