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Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q2 2021

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NortheastATL_2019

Northeast leads the Atlanta market in Q2 absorption.

Key Northeast Industrial Atlanta Submarket Trends

  • Northeast Atlanta saw the most space absorbed in the Atlanta market this quarter.
  • The market-leading occupancy gains pushed the submarket’s overall vacancy below 5% for the first time ever.
  • After somewhat stalling over the past year, Northeast’s average rental rate increased to a record high $5.15/sf this quarter.
  • The outlook remains solid for the submarket. Strong demand will continue to elevate occupancy levels.

Northeast Atlanta Industrial Submarket Q2 2021 Overview

Thanks to numerous occupancies from tenants in the 100,000 to 500,000 square-foot range, the Northeast Atlanta industrial submarket absorbed just under 3.5 million square feet this quarter, the Atlanta market’s highest. Both the Gwinnett/I-985 and Jackson County subareas experienced strong gains in Q2. Demand continued to be strong as well with the submarket seeing leasing activity reach 6 million square feet this quarter. This has led to overall construction activity increasing by 2.5 million square feet to a total of 11.6 million square feet, which is the highest amount in the Atlanta industrial market.


2021Q2NEIndustrial

Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q2 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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