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Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q2 2021

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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.


Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q2 2021

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Scott Amoson

Director - Research


Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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