Atlanta Office Market Sublease Snapshot March 2023
Nathan Bell Research Manager 404.689.3216
nbell@lpc.com
lpcsoutheast.com
The information contained herein has been obtained from the owner of the property or from a source deemed reliable. While Lincoln Property Company has no reason to doubt its accuracy, we do not guarantee it.
Submarket Sub SF Avail % of Total Inventory % Class A Class A SubAvail Avg Class A SubleaseRate Discount Rate Buckhead 661,066 3.0% 86.9% 27 $26.43 30.2% Downtown 505,330 2.3% 94.9% 13 $18.12 42.3% Midtown 1,005,254 3.7% 98.6% 44 $29.88 29.8% Urban Total 2,171,650 3.0% 93.8% 84 $27.81 26.1% CentralPerimeter 1,984,266 7.7% 91.9% 73 $23.29 26.9% North Fulton 1,334,874 5.4% 64.0% 34 $20.24 27.9% Northeast 460,007 2.5% 44.2% 11 $20.50 9.37% Northwest 1,752,152 6.0% 41.9% 29 $21.37 29.7% Suburban Total 5,531,299 4.2% 65.4% 147 $22.08 17.03% TOTAL 7,702,949 4.0% 73.4% 231 $22.68 32.1% LARGEST SUBLEASE AVAILABILITIES Tenant Building Submarket SF Term Thru Time on Mkt (Mos) Occ Cox Automotive 3003 Perimeter Summit Central Perimeter 390,410 Feb 2026 1 30 Days IBM 6301-6303 Barfield Rd Central Perimeter 238,600 Nov 2025 8 30 Days InComm 250 Williams St Downtown 168,888 Feb 2026 4 30 Days Anthem 712 West Peachtree Midtown 163,992 Negotiable 13 30 Days Serta Simmons Bedding Assembly Yards Northlake 142,750 Jan 2034 10 90 Days Global Payments 10 Glenlake North Tower Central Perimeter 141,551 Feb 2033 22 Vacant Novelis Two Alliance Center Buckhead 125,208 Aug 2024 18 Dec 2023 Secureworks Corp Concourse Corp Ctr One Central Perimeter 114,933 Dec 2026 27 60 Days Synchrony Financial Windward Plaza - Bldg 300 North Fulton 114,670 Apr 2026 25 Vacant Home Depot Marietta Tech Center Northwest Atlanta 109,915 July 2029 5 30 Days InterContinental Hotels Group Three Ravinia Central Perimeter 103,362 Apr 2031 23 30 Days SUBLEASE AVAILABILITY CLASS A VS CLASS B SUBLEASES AVAILABLE SUBLEASE SPACE BY SUBMARKET 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 QTD 2021 2022 2023 Available Sublet SF Available Sublet % 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 Class A Class B 23% 26% 17% 13% 9% 6% 6% Northwest Central Perimeter North Fulton Midtown Buckhead Downtown Northeast