Atlanta Jumps One Spot to End 2022 in Eighth for US Office Leasing

Atlanta landed six of the largest office leases in the US in 2022, according CBRE’s annual list of the top 100 US office leases. The six leases, totaling approximately 1.4 million square feet, were enough to rank Atlanta eighth on the year-end list, ahead Los Angeles and Boston. (Last year, Atlanta tied Chicago for ninth position.)

Read the full report

The top 2022 leases in Atlanta ranged from approximately 260,000 square feet to 180,000 square feet and occurred in submarkets like Midtown, West Midtown, Buckhead and Cumberland/Galleria.

Nationally, tech companies made up a majority of the top 100 U.S. office leases in 2021, but the industry fell to second in this year’s report. Atlanta has seen similar trends. In 2021, tech companies accounted for two of the metro’s three largest office leases in Atlanta. Last year’s top deals included only one lease by a tech firm. Atlanta’s other top deals were signed by companies in industries like telecom, banking, packaging and marketing.

“Atlanta benefits from a diverse economy where numerous industries see value in having operations here,” said Ellen Stern, SVP with commercial real estate services provider CBRE. “So long as our city continues to be the heartbeat of the Southeastern economy with a low cost of doing business and access to a deep labor pool, we will continue to see a diverse tenant mix in our office market.”

Top Office Leasing Markets, 2022

1. Manhattan
2. Northern Virginia
3. Silicon Valley
4. Dallas/Fort Worth
5. Chicago
6. Washington, DC
7. Houston
8. Atlanta
9. Los Angeles
10. Boston

The post Atlanta Jumps One Spot to End 2022 in Eighth for US Office Leasing appeared first on Connect CRE.