- For the second consecutive quarter, Northeast Atlanta’s industrial absorption topped 1.5 million square feet. This brings the annual total of space absorbed to 4.4 million square feet which is the third highest amount in the Atlanta market for 2018.
- Overall vacancy in the submarket is down only 0.2% year-over-year despite strong occupancy gains this year. This is due to the amount of new supply added almost matching absorption levels.
- Bulk rents have increased the most in the I-985/Jackson Co. area of the submarket. The average has increased 10% from last year. Demand for space in this sub-section of Northeast Atlanta is resulting in newer, more modernized space being delivered to the submarket. This space is priced higher on the whole.
- Activity in the Northeast Atlanta industrial submarket has somewhat moderated as of late. Should this remain consistent, it will likely result in lower absorption levels in 2019.