Atlanta landlords have increased urban rents by 21.1 percent over three years
In early-2018 analysts noted a convergence divergence in Buckhead and Midtown average asking rates.
April 23, 2019
- Strong leasing activity driven by occupier in-migration trends to buildings inside the perimeter (I-285), and relatively restrained new development this cycle have justified increases in rents by an average of 21.1 percent over the previous three years. Occupiers with leases coming due in Midtown (+33.0%), Downtown (+15.5%), and Buckhead (+14.7%) are finding tightening conditions.
- In early-2018 analysts noted a convergence divergence in Buckhead and Midtown average asking rates. Midtown unseated the long-standing most expensive market. As of the first quarter 2019, nearly a $3.00-per-square-foot delta exists between the two urban submarkets.
Source: JLL Research