Northeast Atlanta absorption positive in Q2.
A number of direct occupancies, combined with Soliant Health’s sublease expansion, resulted in Northeast Atlanta returning to positive absorption in the second quarter. At just over 86,000 square feet, the submarket had the third highest amount of space absorbed in Atlanta in Q2. The overall vacancy rate remains slightly up year-over-year, however, Class A vacancy is down to its lowest level in over three years. The average rental rate in the submarket reached a record high this quarter thanks to increased rents for Class B product. Steady leasing and the recent expansion by Intuitive will prove beneficial to future occupancy gains here.
What you'll learn in this quarter's Northeast Atlanta Office Market Report:
- Current vacancy rates and availability
- Q2 2021 absorption and office leasing activity
- Current average office rental rates
- Office building construction activity
- Sales activity and current office building cap rates
Download the full Colliers Atlanta Northeast Atlanta Office Market Report to learn more about the fundamentals shaping the Norcross, Duluth and Lawrenceville area office submarket of Atlanta, GA.