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Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q3 2021

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NortheastATL_2019

Market leading absorption yet again in Northeast Atlanta

Key Northeast Industrial Atlanta Submarket Trends

  • Northeast Atlanta leads Atlanta market in space absorption for
    second consecutive quarter.
  • Vacancy reaches yet another record low at 4.5%.
  • Industrial construction in Northeast Atlanta jumps to 11.7-million square feet as developers keep up with demand.
  • Warehouse rents increase 9% quarter-over-quarter.
  • Northeast Atlanta will experience a record year of activity in 2021.

Northeast Atlanta Industrial Submarket Q3 2021 Overview

For the second consecutive quarter, Northeast Atlanta led the Atlanta market in industrial space absorbed. Third quarter’s occupancy gains totaled +2.0-million square feet bringing the year-to-date total to +6.7-million square feet. Most of the positive activity came from tenants under 200,000 square feet. All together, the positive absorption has pushed vacancy to yet another record low. With demand remaining high, construction levels have spiked to over 11.7-million square feet, most of the new product taking place in the Jackson County subarea. Northeast Atlanta is expected to see a strong finish to the year in Q4.


Q3 industrial report3

Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q3 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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