Northeast Atlanta sees strongest quarterly gain since 2008.
Thanks to some large occupancies in Q3, Northeast Atlanta saw its highest quarterly absorption since 2008. The 270,173-square feet of space absorbed was the third highest amount in the Atlanta market. Intuitive Surgical accounted for almost half of this amount as the company occupied two buildings in the Lakeside at Spalding Triangle campus where it is expanding its footprint and adding 1,200 jobs. Overall vacancy in the submarket is now below 15% for the first time in 13 years. With leasing activity holding strong, Northeast Atlanta should see the positive activity continue into the new year.
What you'll learn in this quarter's Northeast Atlanta Office Market Report:
- Current vacancy rates and availability
- 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.