When we last took a deep dive into the Buckhead submarket, Cushman & Wakefield Senior Director Chad Koenig told you it was just returning to full health following the Recession. The momentum Buckhead was building then has only continued through today.
With historically low vacancy rates throughout much of the submarket, Buckhead is emerging as perhaps the most sought-after submarket for office space in metro Atlanta. It’s been one of Atlanta’s prime submarkets for many years, but the recent economic upswing has seen particular growth there.
The two biggest factors leading to this have been 1) tenant demand that has been steadily increasing over the past several years and shows no signs of abating any time soon; and 2) an office-space supply that has seen virtually no increase in the past 6 years, with land at a premium and developers having mostly held back from putting cranes to work.
Much of this increase in demand and prices has attracted the interest of the investment community, which has returned to Atlanta in force over the past year or two, and Buckhead has become one of the top submarkets where they are looking to buy.
To learn more about the Buckhead submarket, including the latest investment purchases that help show just how hot Buckhead is, watch the above video from Kirk Diamond, an Executive Vice President of Cushman & Wakefield Atlanta’s Office Tenant Representation service.