The suburban skyline around Atlanta’s Central Perimeter is about to look very different. Aging office towers in the Brookhaven–Dunwoody–Sandy Springs cluster are being teed up for demolition or residential conversion, shrinking the pool of modern office space and forcing brokers and employers to rethink where they will find big, contiguous blocks in the years ahead.
According to the Atlanta Business Chronicle, a growing stack of proposals across the Perimeter would either convert or tear down existing office buildings. Dunwoody officials say two of the city’s office properties are already expected to become housing, as developers and owners float everything from for-sale condos to age-restricted rentals as replacements. Each project helps chip away at the older office inventory still on the market.
The timing is not exactly relaxing for tenants. Partners Real Estate reports that Central Perimeter led the Atlanta region in office leasing in the first quarter of 2026 and notes that conversions and redevelopment have already helped trim vacant space. The combination of stronger demand for quality offices and the removal of obsolete product is tightening availability for companies that need several full floors in one shot.
Developers target Dunwoody campus
One of the splashiest examples sits in Dunwoody. Workspace Property Trust’s Perimeter campus is in line to shed roughly 600,000 square feet of offices as its 64 and 66 Perimeter Center East buildings pivot to residential use. As ConnectCRE reports, the concept would deliver about 441 homes, split into roughly 214 for-sale condominiums, 126 age-restricted rental units and 101 townhomes, with additional ground-up housing on adjacent parcels.
Developers tied to the site have signaled that a rezoning push is coming and told city officials that construction could start as soon as the first quarter of 2026, according to Rough Draft Atlanta. If that timeline holds, the campus could flip from largely vacant offices to an active residential community in just a few years.
Conversions tighten supply and lift rents
Market research suggests those kinds of projects will keep squeezing the office supply in Central Perimeter. Colliers notes that while vacancy in the submarket is still elevated, conversion and redevelopment activity is gaining momentum and is poised to remove more obsolete buildings. That thinning of outdated inventory is expected to support rent growth for well-located, upgraded properties.
The shift is already showing up in the numbers, with reports of positive absorption and rising asking rents across the submarket. In other words, the newer and better-positioned the office building, the more leverage it has as older stock heads for the wrecking ball or the condo floor plan.
What’s next: Rezoning and hearings
The immediate action now moves to city hall. Rezoning petitions, planning commission hearings and design reviews will determine which demolitions and conversions get a green light and how fast they move.
In Brookhaven, filings tied to the Perimeter Summit complex, including another phase of roughly 269 to 280 apartments, recently landed on the city agenda, as detailed in coverage of the Brookhaven building boom. Dunwoody officials, meanwhile, have been briefed on the Perimeter campus concepts and have started working through rezoning paperwork. Traffic studies and staff reports will help shape design conditions and mitigation requirements before any serious demolition or construction begins.
For office tenants and the workers who have long treated the Perimeter as drive-to cubicle country, the outcome will be a district that looks and behaves more like a walkable, mixed-use neighborhood than a collection of isolated office parks. As the Atlanta Business Chronicle points out, that evolution is already rewriting where and how companies plan to occupy space in Atlanta’s north metro.
