Northeast Atlanta on track to have its first positive year in two years

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NortheastATL_20192

Northeast Atlanta is on track to have its first positive year of absorption in two years, with Brightree, Kapsch, and ITP expected to have big move-ins during Q4.

Key Takeaways

  • Northeast Atlanta had a relatively quiet quarter on the absorption front as just under 10,000 square feet of occupancy gains took place. There were no notable large move-ins or move-outs in the quarter.
  • The overall vacancy rate in the submarket showed no significant change from last quarter. Class A vacancy did increase 0.5%; however, Class B and Class C offi ce did see declines: 0.2% and 0.6% respectively. Activity in these product types have helped Northeast Atlanta maintain positive net absorption year-to-date.
  • As activity around the Revel project near Infinite Energy Center continues to pick up, office prospects in the submarket should begin to show more interest in relocating here.
  • Northeast Atlanta is on track to have its first positive year of absorption in two years, with Brightree, Kapsch, and ITP expected to have big move-ins during Q4.

3Q19_NEast2

Northeast Atlanta on track to have its first positive year in two years

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Related Experts

Scott Amoson

Director - Research

Atlanta

Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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Spencer Papciak

Senior Research Associate

Atlanta

Spencer is a Senior Research Associate for Colliers International in Atlanta, Georgia.  In his role, Spencer supports Director of Research Scott Amoson, as well as all of the company's brokers in the Atlanta office. 

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