Atlanta office asking rates continue YoY growth, Trophy rates soften as newer space fills up
Asking rate growth decelerated this quarter as the development pipeline sees few new additions.
November 20, 2019
- Asking rate growth decelerated this quarter as the development pipeline sees few new additions.
- Class A rates for the metro have steadily increased each year since 2012, growing from $22.95 PSF to $31.90 PSF, or an increase of 39.0%.
- Trophy rents currently average $38.61 PSF, around the same level as early 2018. While Class A and B asking rates continue to grow, Trophy asking rates are tapering, a result of the development pipeline receiving few new additions.
Source: JLL Research, US Dept. of Health and Humans Services