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Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q2 2020

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NortheastATL_2019

Northeast Atlanta had the second highest amount of industrial space absorbed this quarter at just under 1 million square feet.

Key Takeaways

  • 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.

 


2Q20_IND_NEast

Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q2 2020

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Related Experts

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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