63% of Atlanta’s Office Deliveries Were Suburban

CommercialCafe’s latest office study, which not only looks at how much office space has been constructed across the country in the last 20 years, but also at where the expansion took place in 50 of the top U.S markets.
Here are a few key findings:

• In Atlanta, around 47 million square feet of office was added to the market over the course of 20 years.

• CBD and urban areas in Atlanta represent 37% of total added office space, accounting for around 17 million square feet. 66 properties were added to the market in the urban and CBD areas since 2002.
• On the other hand, 63% of office construction took place in the suburban areas – adding 337 buildings totaling around 29 million square feet.
• Overall, the majority of office growth took place in the suburbs, representing 67% of total buildings constructed in the last 20 years.

Read more and have a look at the methodology here → https://www.commercialcafe.com/blog/cbd-urban-suburban-office-development-2022/

For this study used was Commercial Edge data, comparing all office properties completed from January 1^st, 2002, to December 31^s, 2021. Research included only properties of at least 25,000 square feet.