In Q3 2019, both the Beltline and greater suburban office markets continued to show resiliency in the face of challenging market conditions. The market experienced quarter over quarter absorption across the board, with growth in occupancy in all but 4 of the 15 market subsets inclusive of class and region.
- Occupancy cost increases in suburban properties are expected to continue to attract more companies into the inner city and downtown markets.
- Colliers expects a significant number of large tenants to be transacting in the suburban market in Q4 and into early 2020.
- Expect an increase in M&A activity to consolidate the footprint of the energy and engineering sectors in the suburban market