We started Market Madness with eight of Atlanta’s industrial submarkets, and now it’s winner take all in the final round. Northeast Atlanta and I-20 West/Fulton Industrial went head-to-head in overall weighted average net rent. While I-20 West/Fulton Industrial was a strong competitor with $3.60, Northeast Atlanta takes home the grand prize at $5.18.
Atlanta’s largest industrial submarket, Northeast is home to 28 percent of the city’s inventory. Situated along the I-85 distribution corridor, it connects Atlanta to the Carolinas, the Mid-Atlantic and the northeastern U.S. The Northeast submarket experienced an outstanding year in 2016 and continued momentum into 2017 with higher leasing activity, record absorption and declining vacancy. As we approach the end of the first quarter of 2018, we anticipate another strong year for the submarket.