As the U.S. office market continues to evolve, coworking shows consistent growth, while vacancy and asking rates gradually settle — trends unpacked in our Q1 2025 Office Market Report.
This quarterly series analyzes and ranks the 100 largest office markets nationwide, comparing them across several key indicators, including asking rent, vacancy, market expansion, and loan maturities.
Atlanta ranked 16th-best performing office market in Q1 2025. Key highlights include:
- Atlanta earned the fourth-highest score for coworking growth by square footage in Q1 2025 among the major markets we compared — 246,801 square feet added since the beginning of the year. This also earned the third-best score for growth of the share of coworking out of total local office.
- Among office markets larger than 100 million square feet, Atlanta had the highest share of loans maturing this year (21.1%), as nearly $3.2 billion out of about $15 billion are estimated to come due in 2025.
Additional nationwide highlights:
- While vacancy rates continued to edge up in Q1, more markets saw declines compared to the previous quarter.
- Roughly 9 million square feet of office space was delivered across 37 markets in Q1.
- Coworking space totals increased in nearly 30% of the markets analyzed, continuing the segment’s steady expansion.
- In 41 markets, less than 10% of total office loans are set to mature in 2025.
For a deeper look at how other markets have evolved in the face of industry challenges, explore the complete findings in our CommercialCafe report here: https://www.commercialcafe.com/blog/national-office-coworking-report/
Feature Image Courtesy of: CommercialCafe
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