MARKET TAKEAWAYS

Microsoft’s purchase of the 70-acre Quarry Yards in West Midtown as well as its lease at Atlantic Yards was one of the biggest stories this year in Atlanta and shows that tech companies are looking past the current circumstances and adopting a long term approach to commercial real estate strategies.

Tech companies are reversing work-from-home policies – As evident by Flexport who took its 50,000-sf space off the sublease market, in hopes of transitioning its workforce back to the office by summer of 2021.

The Atlanta tech community is well-positioned for further tech industry growth and Atlanta will remain an attractive destination for tech tenants looking to relocate to the Sunbelt region due to lower cost of living, a friendlier business environment, and access to a highly-educated workforce due to the numerous top-ranked colleges in the Atlanta area.

Midtown and West Midtown will remain prime locations for the tech sector. Developments such as Star Metal, Echo Street, Interlock, and 8 West are all marketed as creative space in hopes of appealing to tech tenants in the market.

Read the full report