Atlanta, GA Office Overview
The Atlanta real estate market includes the Downtown Atlanta, Midtown, and Buckhead submarkets. With a metropolitan population of over 5.7 million people, the city's economy is strong and vibrant, and the commercial real estate market is seeing consistent demand from white collar employers in the financial services, technology, and telecommunications industries.
As of mid-2017, the Greater Atlanta commercial real estate market encompasses over 108 million square feet of existing office space, in properties larger than 50,000 square feet. As both the capital and the most populous city in Georgia, the office market in the city continues to see strong demand from its diverse business community.
Atlanta, GA Office Inventory Description
Atlanta is a primary transportation hub in the Southern U.S., with an integrated system of highway, railroad and air transport, and generates a gross metropolitan product of nearly $304 billion annually. Nearly 82% of the office space in Atlanta is Class A, while Class B properties add another 18% to its office space inventory.
The Downtown Business District and the Midtown commercial real estate submarkets are two of the densest areas for Class A space, and are home to trophy properties such as One Atlantic Center, the 1075 Peachtree building, and the Centennial Tower. Coca-Cola, one of the best known companies worldwide, has its corporate headquarters in Downtown Atlanta at One Coca-Cola Plaza.
Atlanta, GA Commercial Inventory Breakdown
Total: 161,987,952 SF
By square footage range:
- 50k to 100k SF: 12,326,793 SF / 7.61% of total office
- 100k to 500k SF: 88,983,663 SF / 54.93% of total office
- 500k to 1M SF: 38,823,490 SF / 23.97% of total office
- > 1M SF: 21,854,006 SF / 13.49% of total office
- Class A+: 13,141,075 SF / 8.11% of total office
- Class A: 94,153,221 SF / 58.12% of total office
- Class B: 22,158,683 SF / 13.68% of total office
- Class C: 2,667,106 SF / 1.65% of total office
Top 10 Largest Office Buildings
|Office building||Address||Sqft||Year built|
|Centennial Yards||30 Springs Street NW, 30303||9,000,000||n/a|
|AT&T Building||675 West Peachtree Street NW, 30375||2,295,032||1975|
|Bank of America Plaza||600 Peachtree Street NE, 30308||1,312,230||1992|
|Quarry Yards - Phase II||1401 Donald Lee Hollowell Pkwy, 30318||1,300,000||n/a|
|SunTrust Plaza Tower||303 Peachtree Street NE, 30308||1,249,022||1992|
|State Farm at Park Center - Phase II||245 Perimeter Center Pkwy, 30346||1,160,000||2021|
|Georgia-Pacific Center||133 Peachtree Street NE, 30303||1,133,840||1982|
|Uptown||575 Morosgo Drive NE, 30342||1,093,000||2002|
|50 Ivan Allen||50 Ivan Allen Jr. Blvd, 30308||1,000,000||n/a|
|Technology Enterprise Park - Future Office||387 Technology Circle NW, 30313||1,000,000||n/a|
Most Recently-Built Office Buildings
|Office building||Address||Sqft||Year built|
|Coda||771 Spring Street NW, 30308||765,600||2019|
|Hanover Midtown||881 Peachtree Street NE, 30309||405,245||2019|
|T3 West Midtown||383 17th Street NW, 30363||230,000||2019|
|Serta Simmons Headquarters||2451 Industry Avenue, 30360||210,000||2019|
|Inland Tract||1236 Menlo Drive, 30318||77,487||2019|
|BMW Group Training Center||1965 Convention Center Concourse, 30337||52,567||2019|
|Gateway Center II||4310 Skytrain Way, 30337||51,272||2019|
|Spring @ 8th - Phase I||864 Spring Street NW, 30308||485,000||2018|
|Center for Advanced Pediatrics||1400 Tullie Road NE, 30329||260,000||2018|
|Spring @ 8th - Phase II||864 Spring Street NW, 30308||250,000||2018|
Atlanta, GA Green Office Space
Of the Top 30 Green Office Markets in the U.S., Atlanta ranks #4 for energy efficient office buildings. While just over 6% of the buildings larger than 50,000 square feet are LEED certified, over 24% rank as Energy Star Certified and over 26% are recognized as green buildings.
The Georgia Chapter of the U.S. Green Building Council occupies space on Peachtree Street, in a LEED Platinum-certified property. As both tenants and investors seek out certified green assets for their portfolios, the green office trend continues to accelerate in the city.
The 2017 National Green Building Adoption Index looked at commercial properties in 30 major U.S. markets and found that, including EPA Energy Star-labeled buildings, the percentage of green certification has increased from below 5% in 2005 to 38% as of mid-2017.
Atlanta, GA's Top Office-Using Sectors
Significant demand for Class A office space comes from the financial services, traditional and new technology, telecommunications, and corporate headquarters user segments.
- Financial Services – SunTrust Banks, Wells Fargo, Bank of America all have a significant presence in the city.
- Technology – Well-known media and information technology companies that call Atlanta home include CNN, the Turner Broadcasting System, Cox Enterprises, and United Parcel Services.
- Telecommunications – Telecommunications and logistics play a major role in supporting the integrated transport network of the city and the entire Southern U.S., with companies such as Level 3 Communications, XO Communications, and Equinix.
- Corporate Headquarters – Some of the better-known companies with corporate headquarters located here include Coca-Cola, The Home Depot, UPS, and Chick-fil-A.
FREQUENTLY ASKED QUESTIONS
How much does office space cost in Atlanta, GA?
The average office rental rate in Atlanta, GA is $27.04 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways.
What is the size of available office spaces in Atlanta, GA?
The Atlanta, GA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 500,039 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Atlanta, GA is 78 square feet, while the maximum rentable space on the market now is 1,000,000 square feet.
How do I get office space in Atlanta, GA?
Start your search for office space in Atlanta, GA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Atlanta, GA?
There are 769 office listings on the Atlanta, GA market.
- Total Population479,655
- Male Population(48.7 %) 233,442
- Female Population(51.3 %) 246,213
- Median Age33.20
- Average Household Income$98,575
- Median Household Income$55,279
- Median Income Under 25$28,153
- Median Income 25-44$67,461
- Median Income 45-64$59,006
- Median Income Over 65$33,500
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