Find Office Spaces To Rent In Atlanta:

Atlanta is the capital of Georgia and is set in the south east of the United States, just above the sunny state of Florida. Atlanta is considered to be the most populated city in the state with a population of 5,519,145 people as of 2009. With a population growth rate of 16.79%, it is one of the fastest growing metropolitan areas in the United States. Finding an office space in Atlanta is a vital move for any established business, or any new company looking to make a mark.

Atlanta Commercial Real Estate Business:

Being a top-notch commercial centre and transportation hub, it has many large corporations as its occupants, namely The Coca-Cola Company, AT&T, Delta Airlines, Home Depot, UPS and a host of about 1,250 multinational companies. Its international airport is said to be the world’s busiest airports and has played a key role in Atlanta’s economic growth. That fact is also why other, somewhat nearby cities, like Nashville, Miami, and Jacksonville are important places in the Southeast when it comes to commercial real estate. Interestingly, Atlanta has also produced the fastest growing millionaire population in the United States and it is estimated that this number will increase by another 69% withing the coming years.

Commercial Developments In Atlanta:

Downtown Atlanta, the largest financial district area is lined with beautifully designed architecture that goes way back to the 1800's - while still remaining contemporary. Many corporate or regional head offices are situated here. The city, county, state and federal government buildings are all centrally located here as well. Downtown Atlanta is also the main tourist attraction for the city. This area is surrounded by North Avenue, Boulevard, Interstate 20 and Northside Drive. Some focal points here include the Five Points, Fairlie-Poplar and the Hotel District. Prior to the economic downturn in the last two years, Atlanta had seen huge amounts of growth and new commercial developments especially in the Midtown district area. 1180 Peachtree, a 645 feet high rise building, is renowned as the trendsetter for environmentally friendly buildings, earning itself the coveted Leadership in Energy and Environment Design (LEED) gold certificate from the US Green Building Council. For complete news on office spaces in Atlanta go here.

Atlanta Office Space Vacancy Rate:

The rapid commercial development in Atlanta has unfortunately caused Atlanta to have one of the highest crime rates in America with a rate of 105 per one thousand residents. This is definitely high when compared to other cities of the same size in the United States. This year, due to the unusual strain on the economy, not just in the United States but almost all over the world, office spaces in Atlanta was faced with a high office vacancy rate of 18.1% as compared to 15.7% in the same period last year. It was reported that the office space market in Atlanta faced its worst year so far with 24 million sq. feet of vacant space.

Office Space In Atlanta Rental Rates:

According to analysts, office vacancies are continuing to go up and a poor market rebound is expected in the near future. Even in the best case scenario, they predict that a turnaround will only get into full swing from around 2012. At the moment, average office rental rates are ranging from $17 to about $21 per sq. foot. This obviously depends on many things like location, unfurnished or furnished, amenities (parking, security, size, lease terms, etc.). These rates are not expected to go up anytime soon either so today is a great day to rent an office space in Atlanta and expand your company. Some popular areas to check out are: Buckhead, Canton, Chamblee, Cobb county, College Park, Covington, Decatur, Doraville, East Point, Forest Park, Griffin, Grant Park, Hiram, Macon, Marietta square, Metro, Midtown, Norcross, Roswell, Sandy springs, Stone Mountain, and Woodstock.