Atlanta Office Market Breaking Records
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Atlanta’s class A direct occupancy rates have improved by 300 basis points to 86.7% over the prior 12 months to reach a 14-year high.
ATLANTA—How hot is Atlanta’s office market? PM Realty Group’s latest facts and figures—and analysis—are just in.
Atlanta totaled nearly 3.7 million square feet of office space absorption for 2015. That is the region’s highest annual occupancy gain since 2000.
On top of that, Atlanta’s class A direct occupancy rates have improved by 300 basis points to 86.7% over the prior 12 months to reach a 14-year high. And Atlanta’s class A full-service gross asking rents rose by $0.24 to an all-time high of $25.24 per square foot during the quarter and have jumped by 7.9% or $1.84 within the past 12 months to surpass its prior peak recorded in 2008…
