Office rental rates in Atlanta have jumped 7.8% or $1.89 within the past 12 months. Office rental rates in Atlanta have jumped 7.8% or $1.89 within the past 12 months.

ATLANTA—Atlanta’s office market is hitting on all cylinders. Citywide, class A full-service gross asking rents for office space rose by $0.73, according to PM Realty Group’s latest research. That set a new all-time high of $25.97 per square foot in the first quarter of 2016.

Office rental rates in Atlanta have jumped 7.8% or $1.89 within the past 12 months. Class A direct occupancy rates have improved by 240 basis points to 86.5% over the prior 12 months due to solid leasing demand and limited office construction coming online. That means office rental rates have surpassed the prior peak recorded in 2008.

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Jennifer LeClaire

 

GlobeSt

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