Snapshots

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

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