Yardi just released the 2021 Office Pipeline report.
They looked at data provided by CommercialEdge on the amount of office space in the pipeline for 2021 and beyond, as well as the largest office building completions in 2020.
Here are some key takeaways from our report:
- Atlanta is expected to be the 7th most active office market in the country this year, with 4.1 million square feet of space being scheduled for delivery in 2021.
- Atlanta also boasts the biggest office delivery in a single project this year: State Farm at Park Center - Buildings 2 & 3, expected to be completed in Q1, will add almost 1.8 million square feet of office space to the market.
- Nationally, Los Angeles takes the 1st place for office deliveries this year, with 6.8 million square feet of space scheduled for completion. Regarding all office building construction, Manhattan holds the largest total pipeline, with 18.9 million square feet currently in the works.
For more insights, you can find the full report here: