Atlanta, September 2, 2025
News Summary
OA Development has made a strategic move by acquiring its second office property in Atlanta at 3330 Cumberland Blvd. This eight-figure acquisition comes as the city experiences an uptick in office leasing activity despite ongoing economic uncertainties. The market shows signs of recovery with an increase in large leases and diminishing sublease availability, indicating growing demand for quality office spaces. Major sales, including notable transactions by Bawag Group and Spear Street Capital, further bolster Atlanta’s attractiveness as a hub for corporate headquarters.
Atlanta – OA Development has taken a significant step in the Atlanta office market by acquiring its second property in just 13 months for an eight-figure price. The newly acquired building is situated at 3330 Cumberland Blvd, marking an important expansion in the company’s portfolio as the city continues to demonstrate stability amid evolving return-to-office policies. This acquisition reflects Atlanta’s attractiveness for businesses, which is driven by a favorable labor market and affordable cost of living.
In recent months, Atlanta’s office leasing market has experienced an uptick in activity, evidenced by a higher number of larger leases signed. The second quarter saw 14 leases over 40,000 square feet, a rise from only six during the same period last year. This shift suggests growing confidence among tenants who are now opting for longer lease terms and early renewals as the demand for quality office space intensifies.
Despite these signs of recovery, the Atlanta market is not without its challenges. The leasing activity has been heavily impacted by ongoing economic and political uncertainty, leading to an overall decline of 45% in the second quarter. In the years following 2015, the average office leasing activity remained considerably higher compared to current rates, which are 34% below that average. Furthermore, the second quarter registered just one lease exceeding 50,000 square feet within Atlanta’s central business districts.
Among the notable transactions, AT&T renewed its lease for 73,000 square feet at 1277 Lenox Park in Buckhead. Central Perimeter has emerged as a preferred area for office leasing, with three of the four largest deals occurring there during the same quarter. Among these, TriNet Group’s acquisition of nearly 150,000 square feet at 211 Perimeter Center Parkway stands out as the largest lease in this active region.
Moreover, the availability of sublease space in Atlanta is diminishing, dropping from 9.2 million square feet in Q2 2024 to 7.9 million square feet by the end of June, reflecting a tightening market for office space. Concurrently, the commercial real estate sales market is experiencing unprecedented growth, with sales volume soaring by nearly 300% from the first quarter and rising by nearly 50% year-over-year. In the second quarter, 22 office properties were sold at an average price of $159 per square foot.
Significant sales included Bawag Group’s acquisition of Piedmont Center for $200 million and Spear Street Capital’s purchase of 1100 Peachtree for $133.8 million. The surge in office property sales is anticipated to bolster the leasing market as opportunities increase for both existing and new tenants.
In light of ongoing developments, the legal landscape in Atlanta is also witnessing notable changes, attracting a wave of national and international firms opening offices in the city. This interest comes amid record shifts within local law firms, with prominent companies such as Reed Smith establishing a presence by hiring numerous former attorneys from the local firm Morris Manning. The influx of new firms is seen as a positive force, creating opportunities within the legal community and enhancing the city’s reputation in the Southeast region.
Overall, the convergence of economic factors, new development projects, and increased leasing activity presents a dynamic narrative for Atlanta’s office market, reinforcing its status as a correlated hub for corporate headquarters.
FAQ
What recent acquisition has OA Development made in Atlanta?
OA Development has acquired its second building in the Atlanta office market located at 3330 Cumberland Blvd for an eight-figure price.
How is the leasing market in Atlanta trending?
Leasing market activity has seen an increase in large office leases, with a total of 14 leases over 40,000 square feet signed, compared to only six in the same quarter of the previous year. However, overall leasing activity has been down by 45% due to economic and political uncertainties.
What is the impact of the current economic situation on Atlanta’s office market?
Economic and political uncertainties have adversely affected leasing activity, which remains significantly below historical averages. Nonetheless, the sales market for commercial real estate is experiencing substantial growth, expected to benefit future leasing opportunities.
Key Features of Atlanta’s Office Market
| Feature | Statistics |
|---|---|
| Recent OA Development Acquisition | Building at 3330 Cumberland Blvd for an eight-figure amount |
| Number of Large Leases (Q2) | 14 leases over 40,000 square feet |
| Overall Leasing Activity Drop | 45% decline in second quarter |
| Average Sale Price per Square Foot | $159 |
| Recent Major Sales | Piedmont Center: $200 million, 1100 Peachtree: $133.8 million |
| Sublease Availability Shift | Drop from 9.2 million to 7.9 million square feet |
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Additional Resources
- CoStar: Atlanta Office Sale Shows Value of Low Vacancy Rates
- Wikipedia: Atlanta
- Colliers: Atlanta Office Market Report Q1 2025
- Google Search: Atlanta office market
- Bisnow: Atlanta Trails Nation in Office Leasing Activity
- Google Scholar: Atlanta office market
- AJC: Unrest Among Atlanta Attorneys Drives Legal Market Growth
- Encyclopedia Britannica: Atlanta
- CBRE: Atlanta Office Conversions to Exceed New Construction
- Google News: Atlanta office market news
Author: STAFF HERE ATLANTA WRITER
The ATLANTA STAFF WRITER represents the experienced team at HEREAtlanta.com, your go-to source for actionable local news and information in Atlanta, Fulton County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as vibrant music festivals like Shaky Knees and Music Midtown, major cultural celebrations including Dragon Con and the Atlanta Film Festival, and iconic sporting events like the Peachtree Road Race. Our coverage extends to key organizations like the Metro Atlanta Chamber of Commerce and the Atlanta Convention & Visitors Bureau, plus leading businesses in logistics, beverages, and retail that power the local economy such as Delta Air Lines, The Coca-Cola Company, and The Home Depot. As part of the broader HERE network, including HEREAugusta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
