Northeast Atlanta on track to have its first positive year in two years

Northeast Atlanta is on track to have its first positive year of absorption in two years, with Brightree, Kapsch, and ITP expected to have big move-ins during Q4.

Key Takeaways

Northeast Atlanta had a relatively quiet quarter on the absorption front as just under 10,000 square feet of occupancy gains took place. There were no notable large move-ins or move-outs in the quarter.
The overall vacancy rate in the submarket showed no significant change from last quarter. Class A vacancy did increase 0.5%; however, Class B and Class C offi ce did see declines: 0.2% and 0.6% respectively. Activity in these product types have helped Northeast Atlanta maintain positive net absorption year-to-date.
As activity around the Revel project near Infinite Energy Center continues to pick up, office prospects in the submarket should begin to show more interest in relocating here.
Northeast Atlanta is on track to have its first positive year of absorption in two years, with Brightree, Kapsch, and ITP expected to have big move-ins during Q4.

Northeast Atlanta on track to have its first positive year in two years

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