Returning corporate confidence continues to propel leasing volume

As the impact of the pandemic continues to diminish, the Atlanta office market continues to show signs of recovery. In Q1 2022, leasing activity totaled 1.8 million square feet (msf), representing a 33.0% increase over the 1.3 msf leased in Q1 2021. This increase in transaction volume comes from strengthening corporate confidence in a post-pandemic landscape. Aggregate deal volume was bolstered by Micron Technology’s commitment to 97,072 square feet (sf) at 712 W Peachtree Street in Midtown. The space will serve as a design center for Micron and aims to bring 500 jobs to Midtown. Despite this rise in leasing volume, availability remains near a decade-high at 25.8%.

Read the full report