{"id":3564,"date":"2023-04-25T16:08:22","date_gmt":"2023-04-25T20:08:22","guid":{"rendered":"https:\/\/www.lee-associates.com\/atlanta\/?p=3564"},"modified":"2025-08-18T16:41:23","modified_gmt":"2025-08-18T20:41:23","slug":"q1-2023-atlanta-office-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/atlanta\/2023\/04\/25\/q1-2023-atlanta-office-market-report\/","title":{"rendered":"Q1 2023 Atlanta Office Market Report"},"content":{"rendered":"<div id=\"pl-3564\"  class=\"panel-layout\" ><div id=\"pg-3564-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-3564-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-3564-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" style=\"margin: 10px 10px 10px 10px;\" ><div style=\"padding: 10px 10px 10px 10px;\" class=\"panel-widget-style panel-widget-style-for-3564-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-3564\"\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<img \n\tsrc=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Q12023_Atlanta_office_report-scaled.jpg\" width=\"1978\" height=\"2560\" srcset=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Q12023_Atlanta_office_report-scaled.jpg 1978w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Q12023_Atlanta_office_report-396x512.jpg 396w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Q12023_Atlanta_office_report-989x1280.jpg 989w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Q12023_Atlanta_office_report-768x994.jpg 768w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Q12023_Atlanta_office_report-1187x1536.jpg 1187w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Q12023_Atlanta_office_report-1583x2048.jpg 1583w\" sizes=\"(max-width: 1978px) 100vw, 1978px\" title=\"Q12023_Atlanta_office_report\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><\/div><div id=\"pgc-3564-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-3564-0-1-0\" 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<p class=\"p1\">Despite an overall slowing of office fundamentals nationally, Atlanta\u2019s office market has posted positive overall activity for four consecutive quarters. Vacancy ended Q1 at 18.4%, a 10-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 Zaxby\u2019s (51,493 SF) and TSA (44,000 SF) in the Central Perimeter and South Atlanta submarkets. Increasing interest rates and macroeconomic concerns placed downward pressure on investment sales activity, as Atlanta\u2019s rolling 12-month sales volume fell by more than 13% quarter-over quarter.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-3564-0-1-1\" 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-leeassoc-1d1d05705a30-3564\"\n\t\t\t\n\t\t><div class=\"leeassoc-so-btn-base ow-button-base ow-button-align-center\">\r\n\t<a href=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Q1_2023_Atlanta-Office-Market-Report.pdf\" class=\"sowb-button ow-icon-placement-left ow-button-hover\" target=\"_blank\" rel=\"noopener noreferrer\" \t\t>\r\n\t\t<span>\r\n\t\t\t\r\n\t\t\tView Market Report Here\t\t<\/span>\r\n\t<\/a>\r\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Despite an overall slowing of office fundamentals nationally, Atlanta\u2019s office market has posted positive overall activity for four consecutive quarters. Vacancy ended Q1 at 18.4%, a 10-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 Zaxby\u2019s (51,493 SF) and TSA (44,000 SF) in the Central Perimeter and South Atlanta submarkets. Increasing interest rates and macroeconomic concerns placed&#8230;<\/p>\n","protected":false},"author":144,"featured_media":3571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5,412,9],"tags":[],"class_list":["post-3564","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>Q1 2023 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\/04\/25\/q1-2023-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=\"Q1 2023 Atlanta Office Market Report\" \/>\n<meta property=\"og:description\" content=\"Despite an overall slowing of office fundamentals nationally, Atlanta\u2019s office market has posted positive overall activity for four consecutive quarters. Vacancy ended Q1 at 18.4%, a 10-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 Zaxby\u2019s (51,493 SF) and TSA (44,000 SF) in the Central Perimeter and South Atlanta submarkets. Increasing interest rates and macroeconomic concerns placed...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/atlanta\/2023\/04\/25\/q1-2023-atlanta-office-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Atlanta\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-25T20:08:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-18T20:41:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/04\/Screenshot-2023-04-25-at-4.11.53-PM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1296\" \/>\n\t<meta property=\"og:image:height\" content=\"744\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bentley Logue\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bentley Logue\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/04\\\/25\\\/q1-2023-atlanta-office-market-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/04\\\/25\\\/q1-2023-atlanta-office-market-report\\\/\"},\"author\":{\"name\":\"Bentley Logue\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/#\\\/schema\\\/person\\\/79298bd307f5be439911b162807df286\"},\"headline\":\"Q1 2023 Atlanta Office Market Report\",\"datePublished\":\"2023-04-25T20:08:22+00:00\",\"dateModified\":\"2025-08-18T20:41:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/04\\\/25\\\/q1-2023-atlanta-office-market-report\\\/\"},\"wordCount\":116,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/04\\\/25\\\/q1-2023-atlanta-office-market-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/wp-content\\\/uploads\\\/sites\\\/77\\\/2023\\\/04\\\/Screenshot-2023-04-25-at-4.11.53-PM.png\",\"articleSection\":[\"Featured\",\"News\",\"Office\",\"Research\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/04\\\/25\\\/q1-2023-atlanta-office-market-report\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/04\\\/25\\\/q1-2023-atlanta-office-market-report\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/04\\\/25\\\/q1-2023-atlanta-office-market-report\\\/\",\"name\":\"Q1 2023 Atlanta Office Market Report - 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