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Atlanta Real Estate Market Trends | Northeast Atlanta Office Q2 2021

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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.


Atlanta Real Estate Market Trends | Northeast Atlanta Office Q2 2021

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Drew Levine

Senior Vice President, Principal


I am a Senior Vice President in the Occupier Services Group, a Colliers group that exclusively represents tenants. I have successfully advised startups, high-growth, and established companies since 2011. My team delivers customized services on local, national, and global levels that allow companies to make well-informed, profit driven real estate decisions. I have been involved in a wide range of transactions, from small acquisitions for startup companies to campus projects for Fortune 500 companies. Our work has included relocation and expansion projects, consolidations and dispositions, headquarter planning, lease terminations and complete portfolio planning strategies for hundreds of leading technology, professional services, and manufacturing companies. We strive to deliver real estate business solutions that: add measurable value, reduce costs, decrease business operating risks, improve workplace performance, expand flexibility, and increase overall profitability.

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