Q1 2024 Atlanta Office Market Report

In Q1 2024, Atlanta’s office market continued its transformation that characterized by a surge in tech companies relocating to what many are dubbing the “Silicon Valley of the South”, effectively alleviating vacancy pressures. The Battery and Beltline retained their positions as prime hubs of commercial office activity, leveraging their strategic locations to attract new and existing tenants. However, market stability was challenged as major players like Microsoft opted to pause expansion plans amid uncertainties. Heightened attention was directed towards loans maturing on properties, especially those already dealing with high vacancy rates, raising concerns about potential financial strains.