ATLANTA INDUSTRIAL REPORT
Northeast Atlanta Industrial Submarket
Q2 2022
Northeast Atlanta Paces Market in Absorption, Construction
ABSORPTION, DELIVERIES AND VACANCY RATE 12,000,000
9.0% 8.0%
10,000,000
Atlanta’s largest industrial submarket continues its strong momentum, seeing positive absorption of 2,534,366 square feet in Q2. This brings Northeast Atlanta’s 12-month total to positive absorption of over 9.8 million square feet. This is the highest absorption figure for any submarket over that period across the Atlanta market. Northeast Atlanta also leads the market in total space under construction, with over 16.6 million square feet underway as of Q2. 8 buildings totaling 2,714,573 square feet broke down in Q2, while 7 more delivered. The submarket’s vacancy rate continued to drop, falling 40 basis points (0.4%) to 2.8%.
7.0% 8,000,000
6.0% 5.0%
6,000,000 4.0% 4,000,000
3.0% 2.0%
2,000,000 1.0% 0
2017
2018
2019
Absorption
2020
Deliveries
2021
2022 YTD
0.0%
Source: CoStar
Vacancy Rate
NORTHEAST ATL IND
Inventory SF
Vac Rate Q2 ‘22
Vac Rate Q1 ‘22
Net Absorp Q2 ‘22
Net Absorp YTD
Deliveries YTD
SF Under Construction
Avg Rent (NNN)
<250,000 SF
111,231,283
1.9%
1.8%
713,897
1,448,771
1,178,168
2,527,416
$6.17
“BIG BOX” >250,000 SF
85,693,875
3.9%
5.0%
1,820,469
3,434,973
2,632,758
14,079,826
$4.64
Total
196,925,158
2.8%
3.2%
2,534,366
4,883,744
1,887,736
16,607,242
$5.25
NORTHEAST ATLANTA INDUSTRIAL RECENT LEASES Tenant
Property
Sherwin Williams
Sign Date
SF
Lease Type
950 Sherwin Pky
Prologis
May 2022
261,396
New Lease
3312 N Berkeley Lake Rd
Glen Una Mgmt Co
Apr 2022
215,690
New Lease
4020 Falcon Pky - Bldg 200
Brookfield Asset Mgmt
Jul 2022
158,328
New Lease
Progressive Lighting Pandion
Owner/Developer
NORTHEAST ATLANTA INDUSTRIAL RECENT INVESTMENT SALES Property
Price
SF
$/SF
Date
Buyer
Buford Commerce Park
$174,000,000
1,089,180
$159.75
7/14/2022
KKR
200 Thomas Pky - Bldg 21
$54,050,000
458,640
$117.85
4/13/2022
JLL Income Property Trust
2800 Vista Ridge Dr
$37,300,000
252,092
$147.96
4/4/2022
KKR
Lincoln Property Company Atlanta tracks industrial buildings that are 25,000 sf or greater.
Lincoln Southeast Industrial Available Listings
Forsyth 400 Commerce Forsyth 400 Commerce Center Center Bldg 100 Bldg 200
Airport West 500
Joe Frank Harris Pkwy SE
2705-2715 Ronald Reagan 2705-2715 Ronald Reagan 3625 Naturally Fresh Blvd, Joe Frank Harris Pkwy SE, Blvd, Cumming, GA Blvd, Cumming, GA Atlanta, GA Emerson, GA
Conyers Logistics Center
170 Chastain Meadows
Westridge Logistics Center
2107 Eastview Pky, Conyers GA
170 Chastain Meadows Ct NW, Kennesaw GA
450 Westridge Pkwy, McDonough, GA
141,986 SF
110,197 SF
218,370 SF
306,376 SF
201,600 SF
38,400 SF
113,104 SF
Delivering Q3 2022
Delivering Q3 2022
Delivering Q3 2022
Delivering Q2 2023
Existing
Existing
Existing
Need More Market Intel?
Spencer Papciak
Turner Fortin
Lincoln Property Company Southeast
Research Manager 678.498.7676 spapciak@lpc.com
Vice President 404.863.9931 tfortin@lpc.com
3405 Piedmont Road, Suite 450 Atlanta, GA 30305 404 266 7600
The information contained herein has been obtained from the owner of the property or from a source deemed reliable. While Lincoln Property Company has no reason to doubt its accuracy, we do not guarantee it.
lpcsoutheast.com