Atlanta’s medical office market continued to strengthen  during the second quarter, supported by steady tenant  demand and healthy occupancy across the region. Vacancy  declined to 6.6% as healthcare providers continued to expand 
and backfill available space, while positive absorption was driven by leasing activity across several major submarkets, including Northwest Atlanta, Central Perimeter, South  Atlanta, and Northeast Atlanta.

Looking ahead, absorption is expected to remain positive as Emory Healthcare begins occupying nearly the entire Northlake Mall property following a nonprofit’s acquisition of the mall and its attached medical offices. Asking rents reached a new high, reflecting continued  demand for well-located medical office properties and landlords’ ability to maintain pricing.

Development activity remains measured, with approximately 500,000 square feet under construction, helping meet future healthcare demand without creating significant supply pressure. 

Investment sales  volume moderated from the previous quarter, though pricing 
remained healthy as investors continued to favor the sector’s  stable occupancy and long-term fundamentals. Overall, Atlanta’s medical office market remains well positioned,  supported by resilient healthcare demand, limited vacancy, 
and steady development.