Key Takeaways

  • The highlight of the second quarter for Central Perimeter was the delivery and occupancy of Mercedes-Benz new headquarters off of Abernathy Road.  The 225,000 square foot move-in helped propel the submarket to the top of the list in terms of most office space absorbed in Atlanta this quarter.
  • With absorption and deliveries practically equaling themselves, Central Perimeter’s overall office vacancy rate showed no change from the first quarter.
  • Leasing activity in the submarket remained strong in Q2 with a number of new leases and expansions taking place.
  • For the first time in its history, Central Perimeter’s average Class A rental rate hit the $30 per square foot amount. 
  • Given the pipeline of expected occupancies through the end of the year, Central Perimeter is likely to be Atlanta’s strongest office submarket in 2018.