Transwestern

Atlanta Medical Office Market on an Occupancy Rip

“There has been a lack of significant new medical office development over the past decade…”

By Jennifer LeClaire | Updated on February 12, 2018

Keith Pierce, director of Research for the Southeast US, Transwestern

ATLANTA—Atlanta’s medical office market tightened throughout 2017 as vacancy decreased from 10.1% in the third quarter to 9.7% at the close of the fourth quarter. These numbers mark the Atlanta medical office market’s lowest level in more than a decade.

That’s according to Transwestern‘s fourth-quarter 2017 Atlanta medical office market report. What’s more, the decline in vacancy was due to very strong demand with annual absorption at 639,378 square feet, the market’s highest level since 2008, coupled with a low level of new deliveries amidst Atlanta’s growing economy.

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