November 2022 Atlanta Office Market Sublease Snapshot

Page 1

Urban Total North Fulton

Suburban Total Midtown Central Perimeter Buckhead TOTAL North Fulton

4,940,329 7,048,634

Downtown Northeast Northeast

20% 13% 11% 7% 5%

Northwest Class A vs Class B Subleases Suburban Total Available SubleaseTOTAL Space by Submarket

8 6 3 2 8 8

2,108,305 5.0% 1,454,841 4.1% 1,412,724 327,719 1,745,045 4,940,329 7,048,634

2.9% 5.7% 59.9% 5.7% 69.9% 1.7% 5.9% 5.0% 4.1%

93.1% 87.7% 12% 98 60.8% 162 27.8% 42.2% 59.9% 69.9%

Atlanta Office Market Sublease Snapshot Submarket

Sub SF Avail

Submarket

% Total % of Inventory

Northeast North Fulton Northeast Northwest Suburban Total TOTAL

Class A

5.7%

5% 60.8%

1.7%

27.8%

5.9%

42.2%

4,940,329

5.0%

59.9%

7,048,634

4.1%

69.9%

1,412,724 Midtown 327,719 Buckhead Downtown 1,745,045 Northeast

Class B

Class A Sub Avail

30 13% 9 11% 7% 26 5%

CLASS A VS CLASS B SUBLEASES Class A vs Class B Subleases 2,000,000 1,800,000

Class A vs Class Submarket Class A Northwest 1,600,000 B Subleases Central Perimeter Submarket 1,400,000 North Fulton Northwest Midtown Central Perimeter 1,200,000 Buckhead North Fulton Downtown 1,000,000 Midtown Northeast Buckhead 1,800,000

800,000

181,566 212,553 215,097 158,239 178,530 57,124 736,408 143,674

1,275,895 Class A 858,936 858,706 679,753 423,838 91,105

600,000

1,200,000 1,000,000

400,000

Buckhead Class A

Class A vs Class B Subleases

Novelis

200,000

0

Northwest

Central

200,000

4100 Wildwood Pky

Northeast

SF

Term Thru

Central Nov 2025 Class A vs Class238,600 B Subleases Perimeter

Ctr One Perimeter

Hyundai Motor America

100,000 +

Submarket

800,000

Center 47,093 600,000 200,000 0 236,613 Secureworks Concourse Corp 400,000

Stonebridge II

50,001 - 100,000

Northeast

Sublease Size By Submarket, All Property Classes LARGEST SUBLEASE AVAILABILITIES

Delta Dental Insurance

20,001 - 50,000

Downtown

20%

Class B

Three Ravinia

< 20,000

NortheastMidtown

20%

InterContinental Hotels Group

Sublease Size By Submarket

North Fulton Downtown

20%

0

250 1,200,000 InComm 1,400,000 178,945 1,800,000St Williams Class B 1,000,000 1,200,000 553,787 1,600,000 712 West 736,408 1,008,636 Anthem 1,000,000 28,386 800,000 Peachtree 1,400,000 1,275,895 178,945 70,526 800,000 Glenlake 600,000 10 1,200,000 858,936 553,787 Global 47,093 Payments North Tower 600,000 1,000,000 858,706 28,386 400,000 236,613 Two Alliance 679,753 70,526 400,000

Downtown

BuckheadCentral Perimeter

12%

200,000

2,000,000 50,001 - 100,000 100,000 + 786,930 442,488 Tenant 1,800,000 Building 106,504 775,156 2,000,000 190,992 563,023 1,600,000 Internet Security 367,623 163,992 1,800,000 6301-6303 133,750 125,208 Systems 1,400,000 Barfield Rd 1,600,000 137,289 168,888 2,000,000

423,838 91,105

Buckhead

MidtownNorthwest

20%

200,000

Midtown

Central Perimeter North Fulton

600,000

20,000 Windward< Plaza 0 - Bldg 300

North Fulton

Northwest

800,000

Synchrony Financial

Central Perimeter

5%

11%

12%

Corp

Northwest

by

25%

400,000

0

5%

1,400,000

366,066 366,503 503,530 197,239 Class316,838 B 107,631 1,008,636 148,045

Downtown Northeast

Synchrony Financial InterCon�nental Hotels Group Delta Dental Insurance SubmarketHyundai Motor America

November 2022

7%

Sublease Size By Submarket

Northwest Central Perimeter Fulton BNorth Subleases Midtown Buckhead Downtown Northeast Class A vs Class

Sto 41

Available Sublease Space by Submarket

1,600,000

162

Submarket 20,000 20,001 - 50,000 Sublease Size By Submarket, <All Property Classes

Global Payments

Delta Dental Insurance Novelis HyundaiSecureworks Motor America Corp

AVAILABLE SUBLEASE 25% SPACE BY SUBMARKET 11%

98

SUBLEASE SIZE BY SUBMARKET, ALL PROPERTY CLASSES 2,000,000

30,732 Central Perimeter North Fulton 39,636 Midtown 29,395 Buckhead 10,148 Downtown 28,409 Northeast 30,814 Available Sublease 30,647 Space

30,814 30,647 20%

7%

% Class A

Available by Submarket25% Class A vs ClassSublease B SubleasesSpace 750,280 3.4% 90.6% 30 Submarket Class A Class B Central PerimeterNorthwest 21% 736,408 1,008,636 10 Downtown 470,932 2.0% 90.1% Submarket % North Fulton 20% Central Perimeter 1,275,895 178,945 Midtown 887,093 3.2% 96.8% North Fulton 858,936 553,787 24 Midtown 13% Midtown 858,706 28,386 Northwest 25% Urban Buckhead Total 2,108,305 2.9% 93.1% 64 11% Buckhead 679,753 70,526 Central Perimeter 21% Downtown 423,838 47,093 33 CentralDowntown Perimeter 1,454,841 5.7% 87.7% 7% North Fulton 20% Northeast 91,105 236,613

Northwest Buckhead

20%

64 33 30 9 26 98 162

Time on Mkt (Mos)

Occ

6

30 Days

Downtown

168,888

Feb 2026

1

30 Days

Midtown

163,992

Negotiable

10

30 Days

Central Perimeter

141,551

Feb 2033

20

Vacant

Buckhead

125,208

Aug 2024

15

Dec 2023

Central Midtown Perimeter

114,933 Downtown DecNortheast 2026 Buckhead

12

60 Days

North Fulton

20,001 - 50,000

50,001 - 100,000

100,000 +

North Fulton

114,670

Apr 2026

25

Vacant

Central Perimeter

103,362

Apr 2031

23

30 Days

North Fulton

103,228

Feb 2031

1

Vacant

Class A

Class B Class A

Northwest Atlanta

Class B

Sublease Size By Submarket, All Property Clas 100,542 Nov 2024 1 Vacant

Sublease Size By Submarket 2,000,000 Submarket < 20,000 20,001 - 50,000 50,001 - 100,000 100,000 + Sublease Size By Submarket, All Propert Northwest 181,566 366,066 786,930 442,488 Submarket < 20,000 20,001 - 50,000 50,001 - 100,000 100,000 + 1,800,000 2,000,000 Central PerimeterResearch Manager 678.498.7676 212,553 366,503 106,504 775,156 lpcsoutheast.com Spencer Papciak spapciak@lpc.com Northwest 181,566 366,066 786,930 442,488 North Fulton 215,097 503,530 190,992 563,023 1,800,000 Central Perimeter 212,553 366,503 106,504 775,156 1,600,000 Midtown 158,239 367,623 The information contained herein has been obtained from the owner of the property or from 197,239 a source deemed reliable. While Lincoln Property 163,992 Company has no reason to doubt its accuracy, we do not guarantee it. North Fulton 215,097 503,530 190,992 563,023 1,600,000 Buckhead 178,530 316,838 133,750 125,208 Midtown 158,239 197,239 367,623 163,992 1,400,000


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.