Marcus & Millichap

Atlanta Local Office Report

Second Quarter 2019

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Corporate Growth Underpins Office Market Appeal; Spec Builds Highlight Developer Confidence

Strong leasing activity bodes well for office market. Atlanta continues to build on its reputation as an international city, drawing more corporations to the metro every year. The draw to Atlanta is driven in part by easy access to Hartsfield-Jackson International Airport, an educated labor pool and the relatively low cost of living compared with other primary metros. While many other major markets have lost momentum in employment growth, Atlanta has maintained its strong pace. State Farm’s increasing presence and NCR’s move into the metro’s core will stimulate more growth. Other companies that have relocated to or grown their local presence include Comcast, with its regional headquarters, Thyssenkrupp, with its nearly finished tower, and HD Supply, which consolidated into a new office in the Cumberland/Galleria submarket.

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