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Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q1 2021

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NortheastATL_2019
By Harrison Marsteller

Northeast Atlanta sees record low vacancy rates

Key Northeast Industrial Atlanta Submarket Trends

  • Northeast Atlanta experienced its fifth consecutive quarter of positive absorption in Q1
  • At 5.8%, overall vacancy in the submarket is at its lowest ever
  • The submarket leads Atlanta with the most industrial space under construction at just over 9 million square feet
  • The average warehouse rate is also highest in Northeast Atlanta, quoted at $4.73/SF

Northeast Atlanta Industrial Submarket Q1 2021 Overview

Solid occupancy gains in the first quarter have resulted in Northeast Atlanta's overall vacancy rate dipping below 6% for the first time in the submarket's history.

The majority of the submarket's absorption took place in the Gwinnett County subarea, and also came from tenants occupying under 200,000 square feet.

Steady demand for industrial warehouse space has resulted in Northeast's construction activity increasing by just over 2 million square feet from last quarter. The foreseeable future for the submarket is greatly positive as occupancy levels are expected to continue increasing through the end of the year.

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Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q1 2021

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Harrison Marsteller | Colliers | Atlanta

Harrison Marsteller

Executive Vice President, Principal

Atlanta

+14048779219
Email

Over the past 8 years, Harrison Marsteller has become an integral part of the Colliers Industrial Agency team where he currently oversees a 6.5M SF portfolio of industrial assets, developments and build-to-suit opportunities. Through his experience, Harrison aligns his clients’ needs with a strategic approach and unparalleled market knowledge that allows them to maximize the value of their real estate portfolio. He has served as a single point of contact to a variety of institutional owners including private and public REITs, pension funds, insurance companies and developers. 

In addition to his experience on the agency side, Harrison focuses on site selection, identifying development opportunities for both owners and users as they look to expand their footprint in the Atlanta MSA. His experience in all phases of the building cycle provides his clients with a unique perspective and helps them to identify opportunities regardless of the market conditions.

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