Sublease Availability Hits Another New Peak: Sublease space climbed to 12.9 MSF in June 2025, up from 11.8 MSF in May, setting a new high for the current cycle. The continued rise is being driven by large space additions, including ASOS’s 1.04 MSF in South Atlanta.

Overall Availability Surpasses 100 MSF: Total available space rose to 101.0 MSF in June, up from 99.4 MSF in May. The 1.6 MSF increase reflects sustained occupier caution, large tenant move-outs, and delayed move-ins—all of which are contributing to the upward trend.

Balanced Supply Helps Market Absorb Disruption: While large leasing activity remains slow, Atlanta’s restrained construction pipeline—just 5.5 MSF underway—offers essential balance. With speculative development cooling, the market avoids oversupply as sublease space grows.