Atlanta’s office leasing holds steady in Q3, signaling market resilience

Leasing activity held firm in Q3 2025, totaling 1.9 million square feet (msf), unchanged from the prior quarter and in line with the 5-year average. Year-to-date leasing reached 6.0 msf, underscoring the market’s resilience amid labor softness and the Federal Reserve’s cautious interest rate outlook. The largest transaction was EY’s 102,195 square feet (sf) relocation to 1020 Spring Street. Notably, 8 of the top 10 transactions were renewals, extensions or relocations, reflecting tenants’ commitment to Atlanta. With elevated build-out costs, renewals are expected to increase. Relocations should remain stable, supported by return-to-office mandates and the metro’s appeal to inbound companies. Despite broader uncertainty, Atlanta’s long-term fundamentals remain strong.

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