The Buckhead office market ended the third quarter 2010 with a vacancy rate of 23.41%. This vacancy rate represented a 1.28 percentage point decrease over the previous quarter, when it was 24.68%. The decrease in vacancy occurred in a quarter where Buckhead saw positive 253,567 square feet in net absorption and no new deliveries. Quoted rental rates ended the third quarter 2010 at $23.93 per square foot, down from $24.55 per square foot in the second quarter 2010. At the end of the quarter, there was nothing under construction in the Buckhead office market.

Class A projects in Buckhead reported a third quarter 2010 vacancy rate of 26.18%, down from the 27.90% reported at the end of second quarter. Net absorption within the class A sector totaled positive 250,918 square feet for the quarter, and no new deliveries were reported. Quoted rental rates for available space within the class A sector averaged $25.07 at the end of the quarter, down from the $25.67 that was reported in the second quarter. There was nothing under construction in the class A market at the end of third quarter.