Suburban Office Space Makes Up 71% of the Atlanta Market
Friday, July 31st, 2020
Suburban office space has seen increasing demand in the past years, a trend which has only been amplified by the current pandemic, as companies are looking for offices in lower-density areas until a safe return to normal is possible. Consequently, CommercialCafe conducted a study to see which markets stand out in terms of total suburban office space and which areas saw the most office development in lower-density areas in the last 10 years.
Here are some of the highlights:
The Atlanta market features 146.2 million square feet of suburban office space, representing 71% out of the total office inventory.
Suburban office properties amounted to 62% of Atlanta’s deliveries in the past 10 years.
Atlanta’s largest submarket by suburban office space is Central Perimeter, with 31.2 million square feet.
The Central Perimeter submarket also grew its suburban office inventory the most in the last 10 years, adding 2.9 million square feet of new space.
You can find the full study here: https://www.