The Atlanta office market ended the fourth quarter 2017 with a vacancy rate of 14.8%. This vacancy rate represented a (0.1) percentage point decrease over the previous quarter, when the rate was 14.9%. This decrease in vacancy rate occurred in a quarter where Atlanta saw 665,068 square feet in positive net absorption and 401,518 square feet in deliveries. Quoted rental rates ended fourth quarter 2017 at $24.33 per square foot, up from $24.08 per square foot in the third quarter 2017. At the end of fourth quarter 2017, there was 4,307,559 square feet under construction in the Atlanta office market.