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Atlanta Real Estate Market Trends | Northeast Atlanta Office Q2 2021

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NortheastATL_20192

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.


2021Q2OfficeNortheastAtlanta

Atlanta Real Estate Market Trends | Northeast Atlanta Office Q2 2021

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Scott Amoson

Director - Research

Atlanta

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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