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Leasing Activity Remains Steady in Atlanta's Northeast Office Market

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Leasing activity remained steady this quarter. Class B properties saw the largest transactions occur.

Key Takeaways

  • Northeast Atlanta posted a strong quarter of occupancy gains in Q2, absorbing the fourth highest amount of office space in Atlanta over the period.
  • Expansions my Primerica and CarMax were the largest occupancies to take place in the submarket. Each company added another 38,000 square feet to their office footprint.
  • The submarket's vacancy rate is down to its lowest level in a year and a half thanks to the positive activity. Despite this, it still remains the highest in the Atlanta office market.
  • Leasing activity remained steady this quarter. Class B properties saw the largest transactions occur. Tenant demand appears to be continuing at an average pace.
  • Given anticipated move-ins through the remainder of 2019, Northeast Atlanta will more than likely have its first year of positive absorption in two years.

2Q19_NortheastATL


NortheastAtlanta

Leasing Activity Remains Steady in Atlanta's Northeast Office Market

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Related Experts

Drew Levine

Senior Vice President, Principal

Atlanta

I am a Senior Vice President in the Occupier Services Group, a Colliers group that exclusively represents tenants. I have successfully advised startups, high-growth, and established companies since 2011. My team delivers customized services on local, national, and global levels that allow companies to make well-informed, profit driven real estate decisions. I have been involved in a wide range of transactions, from small acquisitions for startup companies to campus projects for Fortune 500 companies. Our work has included relocation and expansion projects, consolidations and dispositions, headquarter planning, lease terminations and complete portfolio planning strategies for hundreds of leading technology, professional services, and manufacturing companies. We strive to deliver real estate business solutions that: add measurable value, reduce costs, decrease business operating risks, improve workplace performance, expand flexibility, and increase overall profitability.

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