Atlanta, GA Office Overview
The Atlanta real estate market includes the Downtown Atlanta, Midtown, and Marietta Street commercial real estate submarkets. With a metropolitan population of over 5.7 million people, the economy of Atlanta is strong and vibrant, and the Atlanta 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 Atlanta 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, creating a tremendous demand for office employment. Nearly 82% of the office space in Atlanta is Class A, while Class B properties add another 18% of Atlanta office space inventory.
The Downtown Business District and the Midtown commercial real estate submarkets are two of the densest areas for Class A office space in Atlanta, and are home to trophy properties such as One Atlantic Center, the 1075 Peachtree office 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
Office Spaces
Total: 146,439,548 SF
By square footage range:
- 50k to 100k SF: 10,196,635 SF / 6.96% of total office
- 100k to 500k SF: 80,741,421 SF / 55.14% of total office
- 500k to 1M SF: 32,692,486 SF / 22.32% of total office
- > 1M SF: 22,809,006 SF / 15.58% of total office
By class:
- Class A+: 12,513,187 SF / 8.54% of total office
- Class A: 88,864,835 SF / 60.68% of total office
- Class B: 20,459,967 SF / 13.97% of total office
- Class C: 824,691 SF / 0.56% of total office
Top 10 Largest Office Buildings
in Atlanta
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| The Gulch - Redevelopment | 30 Springs Street NW, 30303 | 9,000,000 | n/a |
| AT&T Building | 675 West Peachtree Street NW, 30375 | 2,295,032 | 1975 |
| 1117 Perimeter Center West | 1117 Perimeter Center West, 30338 | 1,700,000 | n/a |
| State Farm Atlanta Hub - Phase II | SWC Hammond Drive NE & Perimeter Center Pkwy NE, 30346 | 1,615,000 | 2020 |
| Bank of America Plaza | 600 Peachtree Street NE, 30308 | 1,312,230 | 1992 |
| SunTrust Plaza Tower | 303 Peachtree Street NE, 30308 | 1,249,022 | 1992 |
| One Ninety One Peachtree Tower | 191 Peachtree Street NE, 30303 | 1,222,142 | 1991 |
| Georgia-Pacific Center | 133 Peachtree Street NE, 30303 | 1,133,840 | 1982 |
| One Atlantic Center | 1201 West Peachtree Street NW, 30309 | 1,100,315 | 1987 |
| The Works at Chattahoochee | 1235 Chattahoochee Avenue NW, 30318 | 1,100,000 | n/a |
Most Recently-Built Office Buildings
in Atlanta
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| State Farm Atlanta Hub - Phase I | 236 Perimeter Center Pkwy, 30346 | 590,926 | 2017 |
| Three Alliance Center | 3550 Lenox Road NE, 30326 | 502,358 | 2017 |
| 4004 Perimeter Summit | 4004 Summit Blvd NE, 30319 | 355,250 | 2017 |
| Riverwood 200 | 3300 Riverwood Pkwy SE, 30339 | 299,000 | 2017 |
| 3400 Overton | 3400 Overton Park Drive SE, 30339 | 173,000 | 2017 |
| 3000 Flowers Road | 3000 Flowers Road, 30341 | 151,066 | 2017 |
| 309 East Paces | 309 East Paces Ferry Road NE, 30305 | 104,885 | 2017 |
| Armour Yards - 225 & 255 Ottley Drive NE | 255 Ottley Drive NE, 30324 | 85,206 | 2017 |
| Apple Valley Brookhaven | 2700 NE Apple Valley Road, 30319 | 70,000 | 2017 |
| Northwest Medical Center | 3280 Howell Mill Road NW, 30327 | 147,999 | 2016 |
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 office 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 office space on Peachtree Street, in a LEED Platinum-certified property. As both tenants and investors seek out certified green office assets for their portfolios, the green office trend continues to accelerate in Atlanta.
The 2017 National Green Building Adoption Index looked at commercial office 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 has placed 4th on this survey.
Atlanta, GA’s Top Office-Using Sectors
Significant demand for Class A office space in Atlanta 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 and create strong demand for Class A office space in Atlanta.
- 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 Atlanta and the entire Southern U.S., with companies such as Level 3 Communications, XO Communications, and Equinix creating demand for Atlanta office space.
- Corporate Headquarters – Some of the better-known companies with corporate headquarters located in Atlanta include Coca-Cola, The Home Depot, UPS, and Chick-fil- A, all large users of Class A office space in Atlanta.
Atlanta Demographics
Population
- Total Population448,901
- Male Population(49.3 %) 221,101
- Female Population(50.7 %) 227,800
- Median Age33.40
Income/Financial
- Average Household Income$84,886
- Median Household Income$47,527
- Median Income Under 25$19,590
- Median Income 25-44$58,466
- Median Income 45-64$51,250
- Median Income Over 65$29,274
- Atlanta Industrial Park Demographics
- Blair Villa - Poole Creek Demographics
- Buckhead Village Demographics
- Chattahoochee Bluffs Demographics
- Cobb East Demographics
- Cochise Demographics
- Downtown Atlanta Demographics
- Dunwoody Springs Demographics
- Frontier Woods Demographics
- Fulton Industrial Demographics
- Gates at Glenridge Demographics
- Hammond Hills Demographics
- Jefferson Park Demographics
- Lakeside Demographics
- Lenox Demographics
- Mercer University Demographics
- Midtown Atlanta Demographics
- North Buckhead Demographics
- North Doraville Demographics
- Northcrest Demographics
- Oaks Of Dunwoody Demographics
- Saint Joseph Demographics
- Terrell Estates Demographics
- Underwood Hills Demographics
- Utoy Creek Demographics
- Vinings View Demographics
- West Park - Fulton Demographics
- Westchase Glen Demographics
News
2018 Office Check-In: Top US Markets for Development, Largest Projects of the Year
September 20, 2018
We’re almost halfway through H2 2018, and it’s high time to check up on construction activity, as well as the state of the U.S. office pipeline when compared to previous analyses. Last year around the same time, we looked at top U.S. cities for office delivery during the fall-winter season, and ...
Last year, the U.S. dropped to last place on a list female participation in the labor force in leading industrialized economies, falling behind Japan. This development marked a dramatic shift for the U.S., which was in a leading position in the late 1990s―with roughly 76.7% of women ages 25-54 a...
The Rise of the American Skyscraper—Current Building Boom Falls Short of the Prolific 1980s
September 05, 2018
Executive Summary The historic cultural importance of the skyscraper, and this article’s methodology; Mapping the skyscraper construction timeline from NYC, Chicago and Pittsburgh to the rest of the U.S.; America’s biggest construction boom to date kicked off in the 1960s, culminated...
Cities near Atlanta, GA
Atlanta, GA zip codes
- 30303 Office Space
- 30305 Office Space
- 30306 Office Space
- 30308 Office Space
- 30309 Office Space
- 30310 Office Space
- 30312 Office Space
- 30313 Office Space
- 30316 Office Space
- 30318 Office Space
- 30319 Office Space
- 30322 Office Space
- 30324 Office Space
- 30326 Office Space
- 30327 Office Space
- 30328 Office Space
- 30329 Office Space
- 30337 Office Space
- 30338 Office Space
- 30339 Office Space
- 30340 Office Space
- 30341 Office Space
- 30342 Office Space
- 30344 Office Space
- 30345 Office Space
- 30346 Office Space
- 30349 Office Space
- 30350 Office Space
- 30354 Office Space
- 30363 Office Space
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Neighborhoods
- Atlantic Station Office Space
- Brookhaven Heights Office Space
- Buckhead Village Office Space
- Chattahoochee Bluffs Office Space
- Cobb East Office Space
- Cochise Office Space
- Colonial Office Space
- Downtown Atlanta Office Space
- Dunwoody Springs Office Space
- Dunwoody West Office Space
- Executive Park Office Space
- Frontier Woods Office Space
- Gates at Glenridge Office Space
- Green Hills Office Space
- Grogan's Bluff Office Space
- Hammond Hills Office Space
- Home Park Office Space
- Lenox Office Space
- Mercer University Office Space
- Midtown Atlanta Office Space
- Moores Mill - Northside Pkwy Triangle Office Space
- Mt. Paran Northside Office Space
- North Brookhaven Office Space
- North Buckhead Office Space
- Oaks Of Dunwoody Office Space
- Old Fourth Ward Office Space
- Peachtree Heights West Office Space
- Saint Joseph Office Space
- Vinings View Office Space
- Winterthur Office Space
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Cities near Atlanta, GA
- Austell Commercial Real Estate
- Clarkston Commercial Real Estate
- Conley Commercial Real Estate
- Decatur Commercial Real Estate
- Decatur City Commercial Real Estate
- Ellenwood Commercial Real Estate
- Forest Park Commercial Real Estate
- Lithia Springs Commercial Real Estate
- Mableton Commercial Real Estate
- Marietta Commercial Real Estate
- Morrow Commercial Real Estate
- Riverdale Commercial Real Estate
- Scottdale Commercial Real Estate
- Smyrna Commercial Real Estate
- Tucker Commercial Real Estate
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