Atlanta Adds 4th-Most Coworking Square Footage in Q1 2025
Thursday, May 8th, 2025
Atlanta ranked 16th-best performing office market in Q1 2025. Key highlights include:
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Atlanta earned the fourth-highest score for coworking growth by square footage in Q1 2025 among the major markets we compared — 246,801 square feet added since the beginning of the year. This also earned the third-best score for growth of the share of coworking out of total local office.
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Among office markets larger than 100 million square feet, Atlanta had the highest share of loans maturing this year (21.1%), as nearly $3.2 billion out of about $15 billion are estimated to come due in 2025.
Additional nationwide highlights:
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While vacancy rates continued to edge up in Q1, more markets saw declines compared to the previous quarter.
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Roughly 9 million square feet of office space was delivered across 37 markets in Q1.
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Coworking space totals increased in nearly 30% of the markets analyzed, continuing the segment’s steady expansion.
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In 41 markets, less than 10% of total office loans are set to mature in 2025.
Caution and financially strategic investment still prevail across the U.S. office sector: While some recovery has occurred in the national market, it has not been equally distributed. Specifically, top-tier properties in key locations still significantly outperform other tiers in terms of leasing and occupancy.
And, while the effect of recent economic policies has not yet had a noticeable effect on office demand, leasing still tends to show a preference for a reduced tenant footprint and increased flexibility. Furthermore, the importance of flexibility is also notable in the continued expansion of the coworking segment, where data showed increased momentum across a greater number of markets during the first three months of the year.
Below, we ranked the 100 largest office markets in the country by comparing their performances in terms of fundamentals — including asking rent, vacancy, market expansion and loan maturities — and scoring how each of them kicked off the year.
For a deeper look at how other markets have evolved in the face of industry challenges, explore the complete findings in our CommercialCafe report here: https://www.commercialcafe.
