{"id":3416,"date":"2023-01-18T15:15:45","date_gmt":"2023-01-18T20:15:45","guid":{"rendered":"https:\/\/www.lee-associates.com\/atlanta\/?p=3416"},"modified":"2025-08-18T14:10:42","modified_gmt":"2025-08-18T18:10:42","slug":"q4-2022-atlanta-office-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/atlanta\/2023\/01\/18\/q4-2022-atlanta-office-market-report\/","title":{"rendered":"Q4 2022 Atlanta Office Market Report"},"content":{"rendered":"<div id=\"pl-3416\"  class=\"panel-layout\" ><div id=\"pg-3416-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-3416-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-3416-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-3416\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q4_2022_Atlanta-Office-Market-Report_FINAL.pdf\"\n\t\t\ttarget=\"_blank\" rel=\"noopener noreferrer\" \t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q3_2022_Atlanta-Office-Market-Report_cover-scaled.jpg\" width=\"1978\" height=\"2560\" srcset=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q3_2022_Atlanta-Office-Market-Report_cover-scaled.jpg 1978w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q3_2022_Atlanta-Office-Market-Report_cover-396x512.jpg 396w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q3_2022_Atlanta-Office-Market-Report_cover-989x1280.jpg 989w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q3_2022_Atlanta-Office-Market-Report_cover-768x994.jpg 768w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q3_2022_Atlanta-Office-Market-Report_cover-1187x1536.jpg 1187w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q3_2022_Atlanta-Office-Market-Report_cover-1583x2048.jpg 1583w\" sizes=\"(max-width: 1978px) 100vw, 1978px\" title=\"Q3_2022_Atlanta Office Market Report_cover\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><div id=\"pgc-3416-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-3416-0-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"1\" style=\"margin-bottom: 30px\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<div class=\"page\" title=\"Page 2\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>The Atlanta office market experienced some highs and lows in the final quarter of 2022. Vacancy ended Q4 at 18.5%, a 50 basis point decrease from the previous quarter. Net absorption, while not as robust as quarters past, was in the positive thanks to major tenant move-ins from Emory Healthcare (112,000 SF) and Novelis (89,553 SF) in the Northlake and Buckhead submarkets. However, as developers pushed forward with new groundbreakings at 4.6M SF actively under construction at the end of Q4, a nearly 1M SF increase from Q3, leasing activity was at a 10-year low at 1.8M SF leased for Q4. Increasing interest rates and macroeconomic concerns placed downward pressure on investment sales activity, as Atlanta\u2019s Q4 total volume was significantly lower compared to past quarters. The Atlanta office market will be closely watched in 2023 as companies decide to expand, consolidate or completely vacate their office footprints, potentially leading to an increase of sublease inventory and rising vacancy.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><div id=\"panel-3416-0-1-1\" class=\"so-panel widget widget_sow-button panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-flat-1d1d05705a30-3416\"\n\t\t\t\n\t\t><div class=\"ow-button-base ow-button-align-center\"\n>\n\t\t\t<a\n\t\t\t\t\thref=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/01\/Q4_2022_Atlanta-Office-Market-Report_FINAL.pdf\"\n\t\t\t\t\tclass=\"sowb-button ow-icon-placement-left ow-button-hover\" target=\"_blank\" rel=\"noopener noreferrer\" \t>\n\t\t<span>\n\t\t\t\n\t\t\tClick Here to Read the Full Report\t\t<\/span>\n\t\t\t<\/a>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The Atlanta office market experienced some highs and lows in the final quarter of 2022. Vacancy ended Q4 at 18.5%, a 50 basis point decrease from the previous quarter. Net absorption, while not as robust as quarters past, was in the positive thanks to major tenant move-ins from Emory Healthcare (112,000 SF) and Novelis (89,553 SF) in the Northlake and Buckhead submarkets. However, as developers pushed forward with new groundbreakings at 4.6M SF actively under&#8230;<\/p>\n","protected":false},"author":161,"featured_media":3419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5,412,9],"tags":[],"class_list":["post-3416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-news","category-office","category-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Q4 2022 Atlanta Office Market Report - Atlanta<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/atlanta\/2023\/01\/18\/q4-2022-atlanta-office-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q4 2022 Atlanta Office Market Report\" \/>\n<meta property=\"og:description\" content=\"The Atlanta office market experienced some highs and lows in the final quarter of 2022. 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