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Atlanta Real Estate Market Trends | Northeast Atlanta Office Q4 2021

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NortheastATL_20192

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.


Strong absorption yet again for Northeast Atlanta in Q4.

Atlanta Real Estate Market Trends | Northeast Atlanta Office Q4 2021

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Related Experts

Drew Levine

Senior Vice President, Principal

Atlanta

I am a Senior Vice President in the Occupier Services Group, a Colliers group that exclusively represents tenants. I have successfully advised startups, high-growth, and established companies since 2011. My team delivers customized services on local, national, and global levels that allow companies to make well-informed, profit driven real estate decisions. I have been involved in a wide range of transactions, from small acquisitions for startup companies to campus projects for Fortune 500 companies. Our work has included relocation and expansion projects, consolidations and dispositions, headquarter planning, lease terminations and complete portfolio planning strategies for hundreds of leading technology, professional services, and manufacturing companies. We strive to deliver real estate business solutions that: add measurable value, reduce costs, decrease business operating risks, improve workplace performance, expand flexibility, and increase overall profitability.

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