Atlanta’s office market has delivered an unusual combination: asking rents have risen while vacancy and new supply have also increased. From 2020 to 2023, average rents climbed 8.9%, from $28.39 to $30.92 per square foot, as vacancy rose from 16.6% to 21.2%. In 2026, rents were up 0.8% year over year to $30.89, while vacancy reached 25.1%.

The supply slowdown could give landlords in newer, well-located buildings more room to push rents, especially if tenant demand holds steady. But the market still has substantial vacant space, and asking rents don’t reflect concessions or the differences between buildings. Any improvement is likely to vary by property.