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Downtown Atlanta Office Space Mixes Tradition, Attractions, and a Vibrant Spirit


David Danhof
David Danhof
Updated May 17, 2019
  Atlanta

Downtown Atlanta isn’t your typical urban epicenter. While it houses several government agencies just like most capital cities, it also fosters a diverse and vibrant atmosphere to form a unique environment that companies from a variety of industries can't help but gravitate towards.

TenantBase local real estate advisors understand what Downtown Atlanta offers to businesses with its commercial space. Our expertise and experience can help your company locate the ideal office space and turn your Downtown address into a distinct advantage that serves your needs and workforce well.

 

Office Space in Downtown Atlanta

Downtown Atlanta is home to city, state, and federal government agencies as well as a massive student population thanks to Georgia State University. This unique combination is what gives the area its distinctive personality and appeal compared to the other submarkets within the Atlanta MSA.

Downtown is popular with law firms and other professionals that work with the area's many government entities but also attracts companies from other industries as well. The submarket has a vacancy rate of just over 12% and offers numerous smaller space options of mostly older Class A and Class B properties. The Peachtree Center offers dozens of smaller lease options while Bank of America Tower and the Georgia Pacific Center have several large blocks of inventory available.

Downtown rents average $25.90/sq ft and leases typically include one parking space per 1,000 sq ft of leased space with monthly costs between $60 and $150. Much of the recent construction activity focuses on residential options for both professionals and students as demonstrated by Castleberry Hill and the future Gulch development. There is a palpable excitement for the commercial future of Downtown Atlanta as the new ownership and vision for the Underground area and the South Peachtree corridor appear to be building on past missteps to successfully strategize for the future.

Tenantbase-blog_InternalGraphicContainer_Downtown-Atlanta 

Working in Downtown Atlanta 

The Downtown commute is an especially powerful tool that companies can use to bring talent into the area. The submarket is extremely accessible thanks to the number of exits on and off the connector as well as the convenient MARTA rail lines. Downtown also features designated bike lanes that make Bird and Lime scooters an increasingly popular choice for commuters.

Downtown is home to several amenities and attractions that are unique to the submarket and not found anywhere else in the MSA. The new Mercedes Benz Stadium has proven to be an exciting catalyst for the local economy. Centennial Olympic Park, the Civil Rights Museum, World of Coca-Cola, and other popular destinations have driven retail, dining, and entertainment options that serve both tourists and the local workforce well.

READ NEXT: How to Create a Positive Work Environment When Moving to a New Office

Businesses should take comfort knowing that the Downtown CID continues to push a forward-looking approach that drives improvements in transportation and the overall community. With a promising future, unique attractions and amenities, and a lively atmosphere, Downtown Atlanta will continue to thrive well into the future. TenantBase has the local expertise to help locate the ideal office space for your business in this exciting and dynamic Atlanta submarket.

 

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