Northeast Atlanta had the second highest amount of industrial space absorbed this quarter at just under 1 million square feet.
- Occupancy gains in Q2 were powered mostly by Walmart's move in at Valentine 85 Logistics Center, and also Southeast Toyota Distributors moving into its new 350,000 square-foot building.
- The Jackson County area of the submarket experienced the largest vacancy drop in the Atlanta market, declining 330 basis points (3.3%) from Q1. Walmart's occupancy helped take a large vacant space off the market.
- Deliveries were limited in the quarter, but Northeast Atlanta's construction activity still remains second highest in Atlanta's industrial market. 2 million square feet is anticipated to deliver by year's end, but most of this is in small industrial buildings.
- Some large move-ins will boost absorption levels next quarter. Industrial activity remains strong in the Northeast Atlanta submarket.