Northeast GA Q1 Submarket Insights

Atlanta

Leasing activity increases in smaller space

Although the demand for more industrial space in Atlanta has remain ed consistent, more tenants in the market are now in search of smaller square foo tages compared to previous years.

Available sublease space continues to increase

The fourth quarter ended with more than 11.2 msf of available sublease space, up 110% year-over-year. However, only 0.8% of that available space is truly vacant. A few of the larger sublease spaces in the market could be companies that are reevaluating their supply chain design due to economic uncertainty and decrease in product demand.

Rental rates continue to escalate on renewals

Despite elevated sublease availability, total available space remains limited keeping landlords in the driver’s seat which has caused rental rates on new leases to continue to climb.

Contact Andrew Joyner, CCIM

Contact Russell Dye, CCIM or Sam B. Simpson

Contact Andrew Joyner, CCIM

Class “A” office suites minutes from Downtown Gainesville and Interstate 985. Suites ranging from 750 SF up to 4,442 SF contiguous. High end finishes, including two story glass lobby atrium and white marble lobby flooring.

This ± 89,786 SF site is located in the heart of the I-85 Industrial corridor. Sitting between Mayfield Dairy, and a new ± 234,133 SF facility, Broadway Ave is a prominent site with corporate neighbors like Amazon, Hitachi, and Havertys.

Located on Hwy 72, this ± 74,125 SF building is newly renovated with room for expansion. The site is located in Comer, GA, which is just outside of the Athens Business and Education Hub. The building has 2 docks, 5 drive-ins, and 10’25’ clear heights.

2-building office investment in Lawrenceville, GA. 36,119 ± SF of Rentable Building Area.

34,844 SF office building for lease. Professional office spaces available from 163 SF and up. Building is newly renovated with excellent visibility and walking proximity to Historic Downtown Gainesville.

Office & Self-Storage Investment For Sale. Strong In-place cash flow with 64 units. In town location that is walking distance Downtown Square to restaurants and Entertainment.

Falcon II Distribution Center | Hall County

Falcon II Distribution Center is a 3 building site on the I-985 industrial corridor in the Northeast Georgia Submarket. It features immediate access to Interstate-985 with easy ingress and egress. The site includes three buildings that total ± 496,000 SF with medium to large scale distribution opportunities from ± 50,000 SF to over ± 221,639 SF. Located at 3920 Falcon Parkway, Oakwood, GA 30542. Contact Frank N. Simpson, CCIM SIOR, Chris Hoag, CCIM, or Sam B. Simpson

Contact Frank N. Simpson, CCIM SIOR, Jason Holland, CCIM, or Chris Hoag, CCIM

Contact Sam B. Simpson

Contact Frank N. Simpson, CCIM SIOR or Sam B. Simpson

Two tracts prime for development along the Georgia 400 corridor. All utilities to site. Highest and best use for Retail, Office, or

This 2 acre corner lot is at the intersection of newly filled single-family and multi-family residential developments along with growing retail amenities in the immediate trade area.

± Acre site in The City of Gainesville with all utilities available, ample parking, great visibility, and 27,000 VPD. Prime site for Retail/Industrial uses.

12.29 ± Acre Development Opportunity just off exit 16 in Oakwood. All utilities available with 515 feet of frontage on Winder Hwy. Minutes from extensive retail amenities and adjoining a

4.5

3.59 Acres in Hartwell, GA. Parcel is zoned commercial/ retail located just outside of downtown Hartwell. Traffic Count: 16,000 ± CPD.

This 8.12 acre site is located near major industrial facilities, Atlanta Falcons Complex, The University oif North Georgia & Lanier Technical Institution & the exit 14.

Redevelopment opportunity within the city limits of Tucker. Surrounded by multiple industrial parks with the railroad being accessible.

13.08 Acres on US Hwy 441 Convenient access to I-85 industrial corridor. Utilities available. High exposure location across from Toyota and Ingles. 5 minutes from SK Battery.

8.63 Acres development site just off exit 14 on I-985.

from new industrial, residential, and retail developments. This pad-ready development site just of exit 14 from I-985 has all utilities, frontage on Falcon Parkway and Plainview Rd with close proximity to new construction residential. Residential development opportunity in McDonough, GA. Zoned RA. Conceptualized for 80 townhomes & 30 single family homes. Water and sewer available.

15.79 Acres in Augusta Area with close proximity to thriving Medical, Retail, and Industrial growth just 1.8 miles from I-20.

Across the street

Will White

Frank N. Simpson, CCIM SIOR

Sam B. SImpson

J. Leslie Johnson, CCIM SIOR

Will White

Frank N. Simpson, CCIM SIOR

Sam B. SImpson

Andrew D. Joyner, CCIM Will White

Chris Hoag, CCIM

Frank N. Simpson, CCIM SIOR Sam B. SImpson

Russell Dye, CCIM

Frank N. Simpson, CCIM SIOR

Capstone Property Group, LLC, a multifamily developer based in Gainesville, has now opened the mixed-use redevelopment at 111 Green Street. The project was partnered with McKibbon Hospitality, a hotel design and management firm. The site features a 132-key Marriott Courtyard Hotel, a 154unit apartment complex (The National) and a new conference and event space known as The Vault at The National adjacent to the hotel.

The development offers convenient access to acclaimed local restaurants, boutiques, and venues such as Boot Barn Hall at Bourbon Brothers and Brenau Amphitheatre. The 77,000-square-foot property, spanning seven stories, comprises 130 rooms and five suites. With dynamic communal spaces, and amenities and an expansive outdoor terrace, complete with comfortable seating and bar service, enhances the experience, making it ideal for connecting with friends, family, and colleagues.

Source: www.hospitalitynet.org

PHOTO BY: WWW.THENATIONALGA.COM

PHOTO BY: COURTYARD BY MARRIOT GAINESVILLE, GA

PHOTO BY: WWW.THEVAULTGAINESVILLE.COM