{"id":32102,"date":"2021-10-06T11:35:07","date_gmt":"2021-10-06T08:35:07","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=32102"},"modified":"2025-11-13T15:10:39","modified_gmt":"2025-11-13T12:10:39","slug":"high-profile-office-leases-atlanta-hottest-office-submarket","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/high-profile-office-leases-atlanta-hottest-office-submarket\/","title":{"rendered":"VISA to Join Microsoft & Google in Atlanta\u2019s Hottest Office Submarket"},"content":{"rendered":"
[vc_row][vc_column][vc_column_text css=””]The Atlanta real estate market is experiencing significant momentum: this year, it\u2019s both one of the best cities for working remotely in the U.S.<\/a>, as well as one of the most attractive office locations for tech companies big and small. And, although the city has not been untouched by the economic slowdown of the pandemic, office space for rent in Midtown Atlanta<\/a> has been notably appealing to companies looking to lure some of the talent graduating from the various historically Black colleges and universities in the city, as well as from Georgia Tech and Georgia State University. In fact, deals closed throughout the pandemic attest to the value of high-quality office development meeting the robust local talent pool.<\/p>\n

Cousins Signs VISA to 1200 Peachtree<\/h2>\n

VISA<\/strong> recently signed a lease for 123,000 square feet at the 1200 Peachtree building developed by Cousins Properties. Occupancy on the long-term lease is expected to begin in Q4 2022. The fintech giant\u2019s efforts to establish a permanent office presence in the Atlanta market are expected<\/a> to create 1,000 new jobs in the region throughout the next few years.<\/p>\n

The developer acquired the property in 2019 from Norfolk Southern Corporation, which is scheduled to relocate into its new headquarters \u2014 also built by Cousins \u2014 before the end of this year. Following the transition, Cousins plans to reposition 1200 Peachtree for multi-customer use and align it with the rest of its leading trophy portfolio of class A office properties spread across the Sun Belt region.<\/p>\n

“We are excited to see a financial technology leader like VISA focused on creating an exciting office environment for in-person collaboration,” said Colin Connolly, president and chief executive officer of Cousins. “Atlanta continues to attract large and growing companies recruiting new talent. The central location, proximity to renowned research institutions and accessibility that 1200 Peachtree offers is compelling for companies interested in the Midtown submarket.”<\/p>\n

\"office<\/a>

1200 Peachtree Street<\/em><\/p><\/div>\n

Microsoft Expands into Hines\u2019 Atlantic Station<\/h2>\n

Last summer, Microsoft Corp<\/strong>. announced that it had taken a lease for 523,000 square feet at Hines\u2019 Atlantic Yards project at Atlantic Station. Delivery for the space was scheduled for the second half of this year. Operations at the new location will focus on artificial intelligence and cloud services \u2014 a $75 million investment that looks to create about 1,500 jobs and drill down into Microsoft\u2019s long-term plans for a significant presence in Atlanta.<\/p>\n

Terrell Cox, general manager with Microsoft, said in a statement: “Atlanta has a rich culture and history of innovation, making it a unique place for tech growth.” The company also operates a cloud computing engineering center at the Coda building at Technology Square, and Microsoft maintains offices in Alpharetta, Ga., and Buckhead, Ga., as well.<\/p>\n

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Shhhh \u2026 here\u2019s a lil\u2019 sneak peek of the inside of our new campus. \ud83e\udd2b<\/p>\n

We\u2019re excited to open to the public in February 2022.<\/p>\n

Thank you for having us, Atlanta! pic.twitter.com\/jApqcxqVsp<\/a><\/p>\n

\u2014 Microsoft Atlanta (@MicrosoftATL) August 9, 2021<\/a><\/p><\/blockquote>\n