1Q 2019 | Atlanta Office Central Perimeter Submarket Report

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Key Takeaways

  • Like most of Atlanta's other office submarkets, Central Perimeter began the year with only modest positive absorption. The submarket absorbed a net total of 21,926 square feet.
  • Central Perimeter's largest occupancies by Northside Hospital, OneTrust, and Car, Riggs & Ingram this quarter were offset by consolidations and contractions within the submarket. AIG's vacancy at Northpark was the largest move-out to subdue the occupancy gains.
  • The decline in Central Perimeter's Class A rental rate average is not expected to become a trend. The expectation is for rents to increase yet again next quarter.
  • First quarter's leasing activity in the submarket was solid and expected to produce strong occupancy gains in the latter half of the year. In the meantime, the submarket still has a few consolidations yet to hit the market including State Farm and Xerox.

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1Q 2019 | Atlanta Office Central Perimeter Submarket Report

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