Key Takeaways

  • Northeast Atlanta had somewhat of an off-quarter in Q1 absorbing only 163,300 square feet. Most of the occupancies and vacancies this quarter came from smaller tenants.
  • Because of the modest absorption, Northeast Atlanta’s deliveries totaling 2 million square feet pushed the overall vacancy rate up almost a full percentage point.
  • The majority of new construction taking place is in the Jackson County area of the submarket. In total, over 3 million square feet is being built here. All of this space is speculative and scheduled to deliver by the end of the year.
  • Despite the dynamics shaping this quarter’s result, average rents continue to steadily climb here.