Office Market the Selection You Want, the Price You Need
OFFICE MARKET THE SELECTION YOU WANT, THE PRICE YOU NEED. Whether you are on the hunt for Class A or Class B office space, the Downtown office market offers the best values in the region. And you’ll enjoy a wide selection: Downtown Atlanta is home to the largest inventory of office space of all the urban markets with a total of 16,303,758 square feet. Metro Atlanta Comparison of Class A Office Space 90% $30 $26.92 $27.41 85.7% $25 $22.06 85% $19.62 82.0% $20 81.2% 80% $15 76% $10 75% $5 $0 70% Downtown Buckhead Midtown Metro Downtown Buckhead Midtown Metro Class A Rental Rates Class A Occupancy Rate Metro Atlanta Comparison of Class B Office Space $19 $18.30 $18.11 78% 76.6% $18 76% $16.78 $17 74.0% 73.8% 74% $16 $15.33 71.7% 72% $15 $14 70% $13 68% Downtown Buckhead Midtown Metro Downtown Buckhead Midtown Metro Class B Rental Rates Class B Occupancy Rate Source: Jones Lang LaSalle, Office Statistics Year-End 2012 Central Atlanta Progress | atlantadowntown.com April 2013 - V.2 OFFICE MARKET Projected Office Absorption, 2011 - 2030 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 Square Feet 1,000,000 0 Downtown Atlanta is projected to experience 5.1 million square feet of absorption and add approximately 4.4 million square feet of new office space by 2030. Source: RCLCO, Downtown Development Forecast, June 2011 Pipeline & Projected Demand Demand is being driven by - 5,000,000 - Excellent access to transportation network 4,000,000 - Proximity to restaurants & amenities - Home to top research institutions 3,000,000 Current Pipeline - Young, talented workforce Demand 2021-2030 Square Feet 2,000,000 - Established central location Demand 2011-2020 1,000,000 The Atlanta Streetcar is projected to increase Downtown’s capture of office 0 Office SF demand over other submarkets in the region.
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