The Atlanta office market ended the second quarter 2017 with a vacancy rate of 15.1%. This vacancy rate represented a 0.3 percentage point increase over the previous quarter, when the rate was 14.8%. This increase in vacancy rate occurred in a quarter where Atlanta saw 596,773 square feet in positive net absorption and 1,519,745 square feet in deliveries. Quoted rental rates ended second quarter 2017 at $23.86 per square foot, up from $23.39 per square foot in the first quarter 2017. At the end of second quarter 2017, there was 4,896,518 square feet under construction in the Atlanta office market.