1Q 2019 | Atlanta Office Northeast Submarket Report

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Key Takeaways

  • Northeast Atlanta returned to negative absorption in the first quarter, losing a net total of 70,000 square feet of tenants. This is the forth time in five quarters the submarket has seen a loss in occupied space.
  • The largest vacancy this quarter was Ericcson Inc. which shut down its 50,000 square-foot Duluth office. United Healthcare closed a 40,000 square-foot office in Peachtree Corners as well.
  • Despite having the highest vacancy rate in the Atlanta office market, the submarket has maintained a steady increase in asking rents.
  • The submarket has begun to see more traction as it relates to new office leases. The recent signings by OS National, Brightree, and CarMax will create over 1,300 new jobs here.
  • As a suburban market, Northeast Atlanta has gone through some times times as of late. As areas within the submarket begin to adapt to certain office trends, demand for space will rise.

 

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NortheastAtlanta

1Q 2019 | Atlanta Office Northeast Submarket Report

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