Atlanta, GA office market
The Atlanta office market remains a tale of two cities: premier Class A and Trophy buildings in Midtown and Buckhead are trading at $158 to $228 per square foot with strong leasing demand driven by a flight-to-quality trend, while the broader market averaged $131 per square foot in 2025, down slightly from 2024. Overall vacancy hovers near 21 to 27 percent depending on the source, but the construction pipeline is at its lowest level in over a decade, which is expected to tighten supply and support Class A rents going forward. Investment sales activity in 2025 surged 56 percent year-over-year, signaling returning buyer confidence, though many assets are still trading well below replacement cost. Tenants are consolidating into higher-quality spaces, leaving older Class B and C product with elevated vacancy and flat rental rates.
What's driving Office prices in Atlanta
Office sale prices in Atlanta declined modestly in 2025, with the average price per square foot falling 2.66% year-over-year to $131/SF broadly, though top-tier Midtown Class A assets traded at $158 to $228/SF, outperforming the market average as investors selectively targeted stabilized, well-leased buildings.
- Flight-to-quality: 73.5% of new leasing activity concentrated in Trophy/Class A assets, leaving Class B/C with elevated vacancy and flat absorption
- Supply scarcity: construction pipeline at lowest level since 2011, with only ~272,000 SF under construction metro-wide, reducing future supply pressure
- Persistent high vacancy: overall market vacancy of 26-27% is keeping broad sale prices well below 2019 peaks and replacement cost
- Return-to-office mandates: corporate RTO policies are supporting leasing demand in premium Midtown and Buckhead submarkets, pushing Class A asking rents above $40/SF
Market intelligence
Tracking this market · 7 comps · latest deal May 2025.
This quarter: 0 comps added to our corpus in Q3 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum ContractingPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Atlanta's municipal boundary, coloured to match the momentum read above.
Recent Office comps in Atlanta, GA
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| 1100 Peachtree St NE, Atlanta, GA 30309 (Eleven Hundred Peachtree) listing | May 2025 | Sale | 587079 | $133,750,000 | $228/SF |
| 1420 Peachtree St NE, Atlanta, GA 30309 (Pershing Park Plaza) news | Oct 2024 | Sale | 160000 | $34,000,000 | $213/SF |
| 1170 Peachtree St NE, Atlanta, GA 30309 (Proscenium) news | Aug 2024 | Sale | 526000 | $83,000,000 | $158/SF |
| 3225 Cumberland Blvd SE, Atlanta, GA 30339 (Cumberland Center IV) listing | 2025 | Sale | $53,000,000 | ||
| 2002 Summit Blvd, Atlanta, GA 30319 (Perimeter Summit - Summit Two) news | Oct 2024 | Lease | 178666 | Rate not publicly disclosed | |
| 1230 Peachtree St NE, Atlanta, GA 30309 (Promenade Tower) news | 2024 | Lease | 115000 | Rate not publicly disclosed; avg in-place rents at building ~$39/SF FSG per Q3 2023 data | |
| Concourse Office Park, 8800 Roswell Rd, Sandy Springs, GA 30350 news | Jun 2024 | Lease | 180000 | Rate not publicly disclosed | |
| Median of 3 recent sales · $213/SF | $213 | ||||
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Atlanta, GA, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.