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Atlanta Real Estate Market Trends | Northwest Atlanta Industrial Q4 2021

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Real Estate Market Trends Northwest Atlanta

Record annual gains for industrial in Northwest Atlanta.

Key Northwest Industrial Atlanta Real Estate Market Trends

  • Northwest Atlanta had its best year ever of occupancy gains in 2021.
  • After bottoming last quarter, overall vacancy in the submarket increased 120 basis points (1.2%) in Q4.
  • The submarket had the second highest amount of space delivered in the fourth quarter at 1.9-million square feet.
  • Strong leasing in the back half of the year will lead to further positive absorption in the coming year.

Northwest Atlanta Industrial Submarket Q4 2021 Overview

Northwest Atlanta capped off the year with over 888,000 square feet of industrial space absorbed in the fourth quarter, bringing the annual total to a record 3.7-million square feet for the submarket. The milestone year was set up by numerous occupancies under 500,000 square feet; a populate space category in the Atlanta market as a whole in 2021. Logistics, warehousing & packaging, and manufacturing companies were the most active this year. Give the submarket’s consistently low vacancy, construction activity has increased to its highest level ever. This will create space opportunities for prospects in the submarket.

Real Estate Market Trends Northwest Atlanta

Atlanta Real Estate Market Trends | Northwest Atlanta Industrial Q4 2021

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Harrison Marsteller

Senior Vice President, Principal


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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