Strong absorption yet again for Northeast Atlanta in Q4.
On the heels of Northeast’s strongest quarterly gain since 2008, the submarket absorbed another 215,000-square feet of office space in the fourth quarter thanks to occupancies in Class B properties, mostly in the Peachtree Corners area of the submarket. Most of these gains came from smaller office tenants under 10,000-square feet as well. Synamedia’s move-in at Huntrcrest and AHS Residential’s owner-occupancy were the largest in the quarter at 32,930-square feet and 44,132-square feet respectively. The strong quarter has pushed overall vacancy down to 14.5% which is the lowest for the submarket in 14 years.
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.