### Atlanta Office Market Shows Positive Signs
After publishing its **2025 Atlanta Office Investment Forecast Report**, Marcus & Millichap’s John Leonard commented, *“Atlanta’s office market is at a turning point, with corporate expansions and investor confidence driving renewed momentum. As vacancy rates decline and demand for high-quality office space strengthens, the metro is well-positioned for growth in 2025.”*
Key insights from the report include:
– Atlanta’s employment market will expand by **27,000 jobs** in 2025, including **2,000 new office-using roles**, supporting long-term leasing demand.
– Vacancy rates are projected to decline to **19.4%**, driven by corporate expansions and a slowdown in new supply.
– Office construction activity will slow to its lowest level in a decade, with inventory increasing by just **0.4%**, primarily in Midtown, Sandy Springs, and Alpharetta.
– Northwest Atlanta and Northlake are emerging as strong investment opportunities, with **triple-digit vacancy declines** and rent growth exceeding **1% in 2024**.
– The average asking rent is expected to rise to **$27.52 per square foot**, driven by falling vacancy rates and a limited construction pipeline.
These factors suggest a positive outlook for Atlanta’s office market in 2025, with a combination of growing demand, decreasing vacancies, and controlled new development shaping the landscape.
