Despite economic uncertainly Atlanta’s healthcare real estate market remains in strong shape.

The market is approximately 20,043,353 SF and running at an occupancy of 90.0% and market rates are increasing landing at an average of $29 per square foot.

During 2023, 456,628sf, of medical space was absorbed, the highest level since 2018 along a jump in rental rates of over $1.75/sf. Looking forward for 2024, we expect that occupancy will remain high and that rental rates to continue to increase.