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Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q1 2021

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NortheastATL_2019

Northeast Atlanta sees record low vacancy rates

Key Northeast Industrial Atlanta Submarket Trends

  • Northeast Atlanta experienced its fifth consecutive quarter of positive absorption in Q1
  • At 5.8%, overall vacancy in the submarket is at its lowest ever
  • The submarket leads Atlanta with the most industrial space under construction at just over 9 million square feet
  • The average warehouse rate is also highest in Northeast Atlanta, quoted at $4.73/SF

Northeast Atlanta Industrial Submarket Q1 2021 Overview

Solid occupancy gains in the first quarter have resulted in Northeast Atlanta's overall vacancy rate dipping below 6% for the first time in the submarket's history.

The majority of the submarket's absorption took place in the Gwinnett County subarea, and also came from tenants occupying under 200,000 square feet.

Steady demand for industrial warehouse space has resulted in Northeast's construction activity increasing by just over 2 million square feet from last quarter. The foreseeable future for the submarket is greatly positive as occupancy levels are expected to continue increasing through the end of the year.


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Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q1 2021

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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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