It’s been said that commercial real estate is to Atlanta what cars are to Detroit. Metro Atlanta has thrived on growth and with that a skyline that has bloomed exponentially over the decades.
Atlanta’s love affair with growth may explain why developers, despite facing an office market flooded with the most empty space in its history, are under construction with more than 2.5M SF of prime office space in the city. But only 11% of that space is pre-leased, according to Avison Young data, compared to the pre-leased average of 48% in the biggest U.S. office markets, according to Colliers.
Source: The 10 Biggest Office Buildings Underway In Atlanta, Which Have Nearly All Their Space To Fill