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Northeast Atlanta's Industrial Submarket Leads Atlanta in Absorption for Q2 2019

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NortheastATL_2019

The Northeast Atlanta industrial submarket lead the Atlanta market with over 2.5 million square feet absorbed.

Key Takeaways

  • Northeast Atlanta absorbed the highest amount of industrial space this quarter, leading the Atlanta market with over 2.5 million square feet absorbed.
  • Build-to-suit deliveries for GE Appliances and Mincey Marble were the largest contributors to the positive gains in Q2.
  • The submarket’s vacancy rate dropped the most in Atlanta between quarters. The I-985/Jackson County area experienced the largest decline at 1.1%.
  • Like South Atlanta, Northeast Atlanta’s warehouse rent posted its first quarterly decline in two years; decreasing 2.4% this quarter.
  • Leasing activity in the submarket was somewhat subdued over the past few months. Demand appears to be picking up for the remainder of 2019; however, overall absorption is expected to be considerably down over the second half of the year compared to the first six months.

 


NortheastATL_2019

Northeast Atlanta's Industrial Submarket Leads Atlanta in Absorption for Q2 2019

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Harrison Marsteller

Senior Vice President, Principal

Atlanta

Harrison Marsteller began his career at Colliers International in Atlanta soon after graduating from University of Alabama with a BBA majoring in Finance and economics. Harrison joined the team of Sean Boswell, Darren Ross and Scott Plomgren, a team of industrial professionals with over 35 years of experience and 90,000,000 SF transacted. 

Harrison’s area of interest and expertise is primarily the Atlanta industrial market, particularly the I-20 West and Northeast Atlanta submarkets.  Harrison provides his clients with site selection, market research, financial analysis, and transactional services including leasing and purchasing new space and subleasing or selling excess space.

Harrison’s focus and dedication to meeting his clients’ needs provides him the ability to deliver outstanding service to both landlords and tenants.

 

 

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