• Atlanta

Video: Office Market Experiences 10.1% YoY Rent Growth

The Atlanta office market continues to break records each quarter, and the second quarter was no exception. Overall average asking office rents rose to $26.53 per square foot (psf), up 2.9% over the first quarter to a 10th consecutive record high. YoY office rent growth of 10.1% in the second quarter of 2018 surpassed the first quarter’s record shattering 9.7%. Strong absorption and record low vacancy coupled with limited new construction is driving rent growth, particularly in the Midtown and Downtown submarkets. As office market fundamentals, economic growth and in-migration remain strong, the Atlanta office market’s remarkable run should continue through 2018 and beyond. For more, watch our video below and download our Q2 Office Marketbeat.

  • Atlanta

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