Atlanta's downtown commercial real estate occupancy levels remained stable during the second quarter of 2020 despite the pandemic that had many office workers telecommuting from home, according to a new report by Colliers International.
"For the most part, downtown is managing pretty well," said Scott Amoson, senior vice president of director of research at Colliers' Atlanta office. Although downtown office leasing slowed during the first two quarters, largely driven by the pandemic, "That doesn't mean the market is dead at all."
Amoson said he doesn't expect a lot of move-outs through the end of the year. He also said there are several moves in the works that would fill downtown office space by the end of this year or early next year and potentially move the downtown market's net absorption back in positive territory.
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R. Robin McDonald
Daily Report reporter R. Robin McDonald's journalism career includes stints as a staff writer at The Atlanta Journal-Constitution, The Fort Worth Star-Telegram, The Wichita Eagle, and The Anniston Star and as a trial tracker at CourtTV and CNN. She is the author of two true crime books -- Black Widow: The True Story of the Hilley Poisonings and Secrets Never Lie: The Death of Sara Tokars.
