Find Your Next Office Space in the Buckhead Office Submarket

Buckhead Office Leasing: Market Overview & Key Market Indicators

The Buckhead submarket is the financial epicenter of the Atlanta MSA, located in northern Atlanta spanning portions of the 30305, 30324 and 30326 zip codes. Buckhead retains a prestigious Atlanta address and is home to many of the city's largest financial services, consulting and technology firms, including several Fortune 500 companies. We track the submarket in Cumberland & Worthy's proprietary database. All information provided in this report was sourced by us, unless attributed to another source. We do not represent the buildings mentioned, unless otherwise noted.

The Supply of Office Space in the Buckhead Submarket

We track approximately 20,600,000 square feet of supply within the Buckhead submarket. The supply is predominantly comprised of Class A high-rise office towers concentrated along the Peachtree Road corridor, with additional Class B mid-rise buildings and a pool of smaller office buildings and commercial condos. The highest quality buildings are found along Peachtree Road, in the Lenox/Phipps area, and the Piedmont Center campus. Buckhead is also home to a growing mixed-use environment, with projects like One Phipps Plaza injecting new Class A inventory with integrated hotel, residential and retail components.

The Cost to Lease Office Space in the Buckhead Submarket

The market rent for the submarket ranges from $28 all the way to $44 per square foot on a full service gross basis. Class A trophy towers along Peachtree Road command the highest rates, with top floors asking over $40 per foot. Newer or recently renovated Class A buildings like Terminus, Salesforce Tower and One Phipps Plaza demand premiums at or above $40 per foot. Outside of the trophy product, the average Class A rent is $35–$39 per foot, with Class B space averaging $25–$30 per foot.

Vacancy within the Buckhead Office Submarket

The Buckhead submarket vacancy rate is approximately 28%. While the vacancy rate remains elevated compared to pre-pandemic levels, recent leasing momentum—particularly among financial services and consulting firms—provides positive signs heading into 2026. Notably, large blocks of premium Class A space (over 100,000 square feet) are becoming increasingly difficult to find, signaling tightening at the top of the market. Class A buildings with recent renovations and strong amenity packages are showing significantly lower vacancies than the submarket average.

Notable Office Trends in the Buckhead Office Submarket

Flight to Quality: Buckhead is experiencing a pronounced flight to quality, with tenants gravitating toward trophy and recently renovated Class A buildings. Older Class B properties continue to struggle, and several are being evaluated for adaptive reuse or redevelopment. Mixed-Use Development: The reinvention of Phipps Plaza into a mixed-use environment with hotel, office and residential development continues to reshape the submarket. Infrastructure Investments: The Buckhead Community Improvement District (CID) continues to invest in pedestrian safety improvements, including the Lenox Road project and the proposed HUB404 park over Georgia 400, which will further enhance the submarket's connectivity and appeal.

Market data last updated: February 2026