- Northeast Atlanta absorbed the second highest amount of industrial space this quarter at 496,352 square feet. Although modest compared to previous couple of quarters, the amount is similar to the start of last year.
- Warehouse vacancy in Northeast Atlanta increased by the most of any other submarket in First Quarter. This is a result of almost 2.3 million square feet of space delivering; the bulk of which is located in the Jackson County area of the submarket.
- After a brief pause at the beginning of 2018, the average rent for industrial space in the submarket increased for a third consecutive quarter and reached a new record high this quarter.
- Given the slowdown in new leasing activity, Northeast Atlanta’s absorption will likely remain modest through the end of the year. This will most certainly result in a vacancy rate increase given the amount of new construction still expected to deliver in 2019.