Before anyone gets too excited, Deloitte isn’t going fully remote in Atlanta.
Atlanta Business Chronicle reports Deloitte has not renewed its 260,000 square foot lease at 191 Peachtree according to loan documents reviewed by the Chronicle. It’s suspected that the firm is downsizing.
Multiple sources with knowledge of the market say Deloitte is eyeing Midtown. The firm will likely sign a deal in a Cousins Properties Inc. building, sources say, given its relationship with the developer. Deloitte serves as the independent accountant for Cousins. In May 2022, Deloitte signed a lease for just under 25,000 square feet at Central Perimeter’s 400 Northpark, according to data from real estate database CoStar Group.
The firm has occupied 260,000 sq. ft in the building since January 2008 when it upgraded from 100,000 sq. feet.
Two months ago, a protest turned to violence in Deloitte’s neighborhood after the death of an environmental activist, which you can read more about here. Deloitte shares a building with the Atlanta Police Foundation, a frequent target of protests. In January, protesters set a cop car on fire and threw rocks and fireworks at the 191 Peachtree Tower, leading Georgia governor Brian Kemp to declare a state of emergency.
Violent protests over long work weeks tonight at Atlanta’s Deloitte office
by u/titty_brain in Accounting
Google reviews for Deloitte Atlanta are not great, presumably because protesters keep coming in the office trying to solicit professional services.
As of right now, 191 Peachtree does not list Suite 2000 as up for grabs.
Deloitte could vacate longtime Downtown Atlanta offices [Atlanta Business Chronicle]