Vacancy Rates in Atlanta CBD trending downward
Downtown rates decreased as the area undergoes revitalization
July 17, 2019
- Direct vacancies in Downtown, Midtown, and Buckhead decreased 5.5%, 4.7%, and 4.1%, respectively, from Q1 2013 to Q1 2019.
- From Q2 2017 to Q1 2019 Downtown decreased 3.4%. Buckhead remained fairly constant decreasing only 0.1%. While Midtown had a brief decrease from Q2 2017 to Q1 2018, rates experienced an overall increase of 4.3%.
- Downtown rates decreased as the area undergoes revitalization. Buckhead has plateaued with a lack of new construction. Midtown has increased because of new developments coming to market.
Source: JLL Research