Atlanta’s office market saw over 1 million square feet of positive net absorption to close out the year in 2022, the highest annual absorption figures since 2015.
- Buckhead and North Fulton led occupancy growth in Q4, despite lagging earlier this year.
- Leasing activity experienced a slowdown in the fourth quarter compared to the rest of 2022, but the year’s total leasing volume saw a slight uptick from 2021.
- Rents continue to climb, closing the year with 5.0% annual growth with Midtown reaching $45.47 psf.
For more on Atlanta’s office market and the outlook for 2023, download JLL’s Q4 2022 Atlanta Office Insight.
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