NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q1 2012 | NORTHWEST ATLANTA

Nort

hw

est

TRENDS & HIGHLIGHTS

2%

4%

6%

8%

10%

12%

14%

16%

(200,000)(100,000)

0100,000200,000300,000400,000500,000600,000700,000800,000

1Q11 2Q11 3Q11 4Q11 1Q12

Absorption Deliveries Vacancy

Total SF 60,957,142

Vacancy Rate 13.1%

YTD Net Absorption 258,361

YTD Deliveries 0

Under Construction 0

Avg. Warehouse Rate $3.75 NNN

UPDATE Recent Transactions in the Market

SALES ACTIVITY

PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER

Chastain Distr. Ctr. $18,125,000 357,600 $50.69 Cabot Properties1950 Vaughn Rd. $12,800,000 162,451 $78.79 Clarion Partners3600 Cobb International Blv. $7,700,000 145,156 $53.05 Cabot Properties1851 West Oak Pkwy. $4,700,000 102,297 $45.94 KTR Capital Partners

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

Brothers Global 1039 Northpoint Pky. 83,000 Warehouse Lease

CSM Fitness Kennesaw Bus. Ctr.-100 51,168 Distribution Lease

Crystal Quest Chastain Place I - 100 36,000 Distribution Lease

Bristol Fiberlite Industries 1180 Hayes Industrial Dr. 25,000 Distribution Lease

• Northwest Atlanta posted a solid gain in occupied space in the fi rst quarter. Industrial absorption topped 258,000 square feet and was the third highest amount of all Atlanta industrial submarkets.

• The submarket has benefi ted most by the increase in small business activity. Almost all of the absorption taking place in Northwest Atlanta over the past six months has been from tenants ranging between 20,000 to 60,000 square feet. More of these tenants moving into rather than moving out of space is a sure sign of improving market conditions.

• The average rental rate for industrial space in Northwest Atlanta increased over the last quarter. Though too soon to note any lasting trend, this is the only Atlanta industrial submarket to possibly see rental rate growth over the next six months.

Squa

re F

eet

Source: CoStar Property, Colliers Research

Q1 2012Projected

Q2 2012

VACANCY

NET ABSORPTION

CONSTRUCTION — —

RENTAL RATE

1

2

3

4

5

6

UNITED STATES:

Colliers InternationalTwo Midtown Plaza | Suite 11001349 West Peachtree Street, NEAtlanta, Georgia, 30309TEL +1 404 888 9000FAX +1 404 870 2845

COLLIERS INTERNATIONAL

ATLANTA INDUSTRIAL SPECIALISTS:

www.colliers.com/atlanta

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COLLIERS INTERNATIONAL NORTHWEST ATLANTA INDUSTRIAL LISTINGS

FOR LEASE

# PROPERTY SF AVAIL. BROKER(S)

1 1965 Vaughn Rd. 11,212-22,257 Bill Buist

2 Northwest Business Center Availabilities Lee Evans / Scott O’Halloran

3 Newmarket Business Park Availabilities Lee Evans / Scott O’Halloran

4 1285 Field Parkway 9,000-18,000 Lee Cardwell / Ryan Sawyer

5 1990 Delk Industrial Blvd. 6,100 Scott Plomgren / Scott O’Halloran

6 3021 Olympic Industrial Blvd. 13,270 Scott Plomgren

7 850 Pickens Industrial Dr. 11,063-22,128 Scott Plomgren / Scott O’Halloran

8 Commerce Park 5,767-12,533 Scott Plomgren / Scott O’Halloran

FOR SALE

# PROPERTY SF AVAIL. BROKER(S)

4 1285 Field Parkway 18,000 Lee Cardwell / Ryan Sawyer

7

8

Marty Arnold Scott Plomgren

Douglas Biggs Darren Ross

Sean Boswell Henry Sawyer

Bill Buist Ryan Sawyer

Lee Cardwell Mike Spears

Chris Cummings Rick Vaughn

Ben Logue Price Weaver

This market report is a research document of Colliers International. Information herein has been deemed reliable and no representation is made as to the accuracy thereof. Colliers International-Atlanta, Inc., and certain of its subsidiaries, is an independently owned and operated business and a member fi rm of Colliers International Property Consultants, an affi liation of independent companies with over 520 offi ces throughout 62 countries worldwide.

522 offi ces in 62 countries on 6 continentsUnited States: 147Canada: 37Latin America: 19Asia Pacifi c: 201EMEA: 118

• $1.8 billion in annual revenue

• Over 2.5 billion square feet under management

• Over 12,000 professionals

MARKET REPORT | Q1 2012 | ATLANTA INDUSTRIAL | NORTHWEST ATLANTA