Atlanta Office Market Report

Leasing dynamics shift in an expanding economy. Boasting the seventh-most Fortune 500 headquarters of U.S. metros, Atlanta’s office market is projected to experience the third-fastest annual GMP growth rate among the country’s 10 largest economies in 2025. This trend aligns with local business development — including Atlanta’s second Tech Village and PrizePicks’ expanded headquarters — fueling downward momentum in both direct and sublet vacancy over 2024. Continued corporate expansions and fewer deliveries should encourage further vacancy compression and support Class A demand after nearly all submarkets saw upper-tier vacancy decline in 2024. Notably, Buckhead, Brookhaven and Sandy Springs may continue to attract firms that seek to relocate into suburban areas near clients and employees. Expected corporate relocations to this area from Asbury Automotive, Morris Manning & Martin, and AIG should foster local business development and promote leasing activity from auxiliary firms. Elevated demand from finance, insurance and real estate firms here coinciding with an increase in deal terms extending into ten years signal tenant confidence.