{"id":3922,"date":"2024-01-18T16:54:57","date_gmt":"2024-01-18T21:54:57","guid":{"rendered":"https:\/\/www.lee-associates.com\/atlanta\/?p=3922"},"modified":"2025-08-18T16:23:42","modified_gmt":"2025-08-18T20:23:42","slug":"q4-2023-atlanta-office-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/atlanta\/2024\/01\/18\/q4-2023-atlanta-office-market-report\/","title":{"rendered":"Q4 2023 Atlanta Office Market Report"},"content":{"rendered":"<div id=\"pl-3922\"  class=\"panel-layout\" ><div id=\"pg-3922-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-3922-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-3922-0-0-0\" 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-3922-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-3922\"\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\/2024\/01\/Q4_2023_Atlanta-Office_Market-Report.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\/2024\/01\/Q4_2023_Atlanta-Office-Market-Report.png\" width=\"2550\" height=\"3300\" srcset=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2024\/01\/Q4_2023_Atlanta-Office-Market-Report.png 2550w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2024\/01\/Q4_2023_Atlanta-Office-Market-Report-396x512.png 396w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2024\/01\/Q4_2023_Atlanta-Office-Market-Report-989x1280.png 989w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2024\/01\/Q4_2023_Atlanta-Office-Market-Report-768x994.png 768w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2024\/01\/Q4_2023_Atlanta-Office-Market-Report-1187x1536.png 1187w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2024\/01\/Q4_2023_Atlanta-Office-Market-Report-1583x2048.png 1583w\" sizes=\"(max-width: 2550px) 100vw, 2550px\" title=\"Q4_2023_Atlanta Office Market Report\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<\/div><\/div><\/div><\/div><div id=\"pgc-3922-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-3922-0-1-0\" 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\">Although office leasing activity in Atlanta has not fully returned to pre-pandemic levels, the final quarter of 2023 showcased sustained tenant demand, evident in the signing of several new, sizable leases. However, the ongoing reassessment of footprints by tenants has led to an overall increase in both overall and sublease availability, resulting in a record-high vacancy rate of 21.2%. The conclusion of 2023 marked the third consecutive quarter of negative absorption in the Atlanta office market, contributing to a year-end absorption of -2.5 MSF. Despite facing macroeconomic challenges, development activity in Atlanta has remained subdued, offering a potential easing of supply pressures as the market enters 2024.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-3922-0-1-1\" 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-1d1d05705a30-3922\"\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\/2024\/01\/Q4_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>Although office leasing activity in Atlanta has not fully returned to pre-pandemic levels, the final quarter of 2023 showcased sustained tenant demand, evident in the signing of several new, sizable leases. However, the ongoing reassessment of footprints by tenants has led to an overall increase in both overall and sublease availability, resulting in a record-high vacancy rate of 21.2%. The conclusion of 2023 marked the third consecutive quarter of negative absorption in the Atlanta office&#8230;<\/p>\n","protected":false},"author":161,"featured_media":3924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5,412,9],"tags":[],"class_list":["post-3922","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 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\/2024\/01\/18\/q4-2023-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=\"Q4 2023 Atlanta Office Market Report\" \/>\n<meta property=\"og:description\" content=\"Although office leasing activity in Atlanta has not fully returned to pre-pandemic levels, the final quarter of 2023 showcased sustained tenant demand, evident in the signing of several new, sizable leases. 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The conclusion of 2023 marked the third consecutive quarter of negative absorption in the Atlanta office...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/atlanta\/2024\/01\/18\/q4-2023-atlanta-office-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Atlanta\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-18T21:54:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-18T20:23:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2024\/01\/Screenshot-2024-01-18-at-4.52.53\u202fPM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"3234\" \/>\n\t<meta property=\"og:image:height\" content=\"1400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"M Dickinson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"M Dickinson\" \/>\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\\\/2024\\\/01\\\/18\\\/q4-2023-atlanta-office-market-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2024\\\/01\\\/18\\\/q4-2023-atlanta-office-market-report\\\/\"},\"author\":{\"name\":\"M Dickinson\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/#\\\/schema\\\/person\\\/236de6104f8855e14f130e509086e6f0\"},\"headline\":\"Q4 2023 Atlanta Office Market Report\",\"datePublished\":\"2024-01-18T21:54:57+00:00\",\"dateModified\":\"2025-08-18T20:23:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2024\\\/01\\\/18\\\/q4-2023-atlanta-office-market-report\\\/\"},\"wordCount\":126,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2024\\\/01\\\/18\\\/q4-2023-atlanta-office-market-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/wp-content\\\/uploads\\\/sites\\\/77\\\/2024\\\/01\\\/Screenshot-2024-01-18-at-4.52.53\u202fPM.png\",\"articleSection\":[\"Featured\",\"News\",\"Office\",\"Research\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2024\\\/01\\\/18\\\/q4-2023-atlanta-office-market-report\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2024\\\/01\\\/18\\\/q4-2023-atlanta-office-market-report\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2024\\\/01\\\/18\\\/q4-2023-atlanta-office-market-report\\\/\",\"name\":\"Q4 2023 Atlanta Office Market Report - 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