Atlanta's metro office asking rates continue YoY growth, reaching $29.52 per square foot
Despite YoY growth, asking rents for the metro decreased this quarter, dropping from $29.83 psf in Q3
March 02, 2020
- Both suburban submarkets and the CBD are at risk of dropping below Q1 2019 rate if this trend continues.
- Midtown Class A asking rates landed at $39.55 per square foot, holding its position as the most expensive area in Atlanta, though this is down from $39.98 in the third quarter.
- This rate is being pushed by new development demanding $48.00+ rents
Source: JLL Research