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: 150,221,690 SF
By square footage range:
- 50k to 100k SF: 12,192,829 SF / 8.12% of total office
- 100k to 500k SF: 82,235,176 SF / 54.74% of total office
- 500k to 1M SF: 33,439,679 SF / 22.26% of total office
- > 1M SF: 22,354,006 SF / 14.88% of total office
By class:
- Class A+: 12,374,475 SF / 8.24% of total office
- Class A: 91,747,764 SF / 61.07% of total office
- Class B: 22,442,090 SF / 14.94% of total office
- Class C: 2,601,433 SF / 1.73% 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 |
| 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 |
| 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 |
| 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 |
|---|---|---|---|
| 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 |
| The Battery Atlanta - 2605 Circle 75 Pkwy | 2605 Circle 75 Pkwy, 30339 | 244,568 | 2018 |
| Mercedes-Benz Headquarters | 1 Mercedes-Benz Drive, 30328 | 225,000 | 2018 |
| 3400 Cumberland Blvd | 3400 Cumberland Blvd, 30339 | 222,500 | 2018 |
| Northside Midtown Medical Office Building | 1110 West Peachtree Street NW, 30309 | 179,619 | 2018 |
| 371 East Paces Ferry | 371 East Paces Ferry Road NE, 30305 | 119,199 | 2018 |
| Trackside | 5170 Peachtree Road, 30341 | 93,000 | 2018 |
| Corporate Square - Building 11 | 11 Corporate Blvd NE, 30329 | 90,565 | 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 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 Population465,230
- Male Population(49.0 %) 228,038
- Female Population(51.0 %) 237,192
- Median Age33.50
Income/Financial
- Average Household Income$92,186
- Median Household Income$51,701
- Median Income Under 25$24,839
- Median Income 25-44$62,706
- Median Income 45-64$54,820
- Median Income Over 65$32,367
- 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
- Maxwelton Demographics
- Mercer University Demographics
- Midtown Atlanta Demographics
- North Buckhead Demographics
- North Doraville Demographics
- Northcrest Demographics
- Saint Joseph Demographics
- Terrell Estates Demographics
- Underwood Hills Demographics
- Utoy Creek Demographics
- Vinings View Demographics
- West Park - Fulton Demographics
- Westchase Glen Demographics
News
2019 US Office Pipeline – NYC, the Bay Area and San Francisco Set to Deliver 33 MSF of Office Space
April 10, 2019
Since 2009, the U.S. economy has had more than 110 consecutive months of growth, making this the second longest economic expansion since the Great Depression. After a rather tepid 2017 performance, the U.S. office market gathered some steam in 2018, adding 76 million square feet of new office sp...
The U.S. industrial real estate market had a solid year in 2018 and has continued to strengthen through the first quarter of 2019. Industrial rents are on an upward path, while the construction pipeline is robust and development is spurred on by the e-commerce sector. In terms of development, 20...
We recently conducted an analysis looking at the biggest U.S. office sales of 2018, and while many of these sales closed in pricey and popular markets like New York, Boston, Chicago, or Seattle, one Atlanta deal also managed to sneak in: the $268 million sale of Three Alliance Center was the 48t...
Cities near Atlanta, GA
- Austell Office Space
- Brookhaven Office Space
- Chamblee Office Space
- Clarkston Office Space
- College Park Office Space
- Decatur Office Space
- Decatur City Office Space
- Doraville Office Space
- Druid Hills Office Space
- Dunwoody Office Space
- East Point Office Space
- Forest Park Office Space
- Hapeville Office Space
- Lithia Springs Office Space
- Marietta Office Space
- North Decatur Office Space
- North Druid Hills Office Space
- Panthersville Office Space
- Sandy Springs Office Space
- Smyrna Office Space
- Vinings Office Space
- + More - Less
Atlanta, GA zip codes
- 30303 Office Space
- 30305 Office Space
- 30306 Office Space
- 30307 Office Space
- 30308 Office Space
- 30309 Office Space
- 30312 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
- 30331 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
- + More - Less
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
- Embry Hills 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
- Lenox Office Space
- Mercer University Office Space
- Midtown Atlanta Office Space
- Moores Mill - Northside Pkwy Triangle Office Space
- North Brookhaven Office Space
- North Buckhead Office Space
- Oaks Of Dunwoody Office Space
- Old Fourth Ward Office Space
- Overton Hills Office Space
- Pine Hills Office Space
- Saint Joseph Office Space
- Vinings View Office Space
- Winterthur Office Space
- + More - Less
Cities near Atlanta, GA
- Austell Commercial Real Estate
- Brookhaven Commercial Real Estate
- Chamblee Commercial Real Estate
- Clarkston Commercial Real Estate
- College Park Commercial Real Estate
- Conley Commercial Real Estate
- Decatur Commercial Real Estate
- Decatur City Commercial Real Estate
- Doraville Commercial Real Estate
- Druid Hills Commercial Real Estate
- Dunwoody Commercial Real Estate
- East Point Commercial Real Estate
- Forest Park Commercial Real Estate
- Hapeville Commercial Real Estate
- Lithia Springs Commercial Real Estate
- Mableton Commercial Real Estate
- Marietta Commercial Real Estate
- North Decatur Commercial Real Estate
- North Druid Hills Commercial Real Estate
- Panthersville Commercial Real Estate
- Sandy Springs Commercial Real Estate
- Scottdale Commercial Real Estate
- Smyrna Commercial Real Estate
- Vinings Commercial Real Estate
- + More - Less