NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q22010

NEXTQTR

VACANCY

NET ABSORPTION

CONSTRUCTION —

RENTAL RATE — —

Q2 2010 | NORTHEAST ATLANTA

Nort

heast

TRENDS & HIGHLIGHTS

(2,000,000)

(1,500,000)

(1,000,000)

(500,000)

0

500,000

1,000,000

1,500,000

2Q09 3Q09 4Q09 1Q10 2Q10

8%

9%

10%

11%

12%

13%

14%

15%

Absorption Deliveries Vacancy

Total SF 170,858,950

Vacancy Rate 13.6%

YTD Net Absorption (502,063)

YTD Deliveries 0

Under Construction 482,000

Avg. Warehouse Rate $2.81Source: CoStar Property

UPDATE Recent Transactions in the Market

SALES ACTIVITY

PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER

1090 Broadway Ave. $35,000,000 807,990 $43.32 High Street Equity Adv.410 Horizon Dr. $9,400,000 247,530 $37.98 Shimadzu Scientifi c1665 Heraeus Blvd. $4,339,140 111,260 $39.00 RV IndustriesBuford Hwy. Distr. Ctr. $4,050,000 96,160 $42.12 Cabot Properties

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

United Stationers 125 Horizon Dr. 600,000 Distribution Renewal

Systemax Jeff erson Mill Bus. Park-A 459,134 Warehouse Lease

Kia Motors Newpoint DC-Bldg. 3 451,200 Warehouse Renewal

Lund International 655 Raco Dr. 219,000 Warehouse Renewal

• Northeast Atlanta’s second quarter industrial absorption was second highest in the Atlanta market. The 917,000 SF of space absorbed in the submarket was the highest amount since the fi rst quarter of 2008.

• As a result of the positive absorption, Northeast’s industrial vacancy rate dropped 0.6% from fi rst quarter. Compared to this time last year, however, the rate is up 0.4%, which amounts to almost 780,000 SF of added vacant space.

• Safelite, Systemax and Dayton Superior were the largest move-ins of second quarter in Northeast Atlanta. Together these companies combined for one million square feet of increased occupancy.

• Industrial leasing in Northeast Atlanta is expected to remain strong through the remainder of the year..

UNITED STATES:

Colliers International1349 West Peachtree StreetSuite 1100Atlanta, Georgia, 30309TEL +1 404 888 9000FAX +1 404 870 2845

COLLIERS INTERNATIONAL

ATLANTA INDUSTRIAL SPECIALISTS:

480 offi ces in 61 countries on 6 continentsUnited States: 135Canada: 39Latin America: 17Asia Pacifi c: 194EMEA: 95

• $2 billion in annual revenue

• Over 2 billion square feet under management

• Over 15,000 professionals

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 480 offi ces throughout more than 61 countries worldwide.

www.colliers.com/atlanta

Accelerating success.Accelerating success.

Marty Arnold Ben Logue

Douglas Biggs Elizabeth McSweeney

Sean Boswell Henry Sawyer

Bill Buist Ryan Sawyer

Lee Cardwell Mike Spears

Chris Cummings Rick Vaughn

Chris Irby Price Weaver

COLLIERS INTERNATIONAL NORTHEAST ATLANTA INDUSTRIAL LISTINGS

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5 6

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8910

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1213 14

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1819

FOR LEASE

# PROPERTY SF AVAIL. BROKER(S)

1 Oakbrook Summit Availabilities Elizabeth McSweeney

2 4680 River Green Pkwy. 106,000 Elizabeth McSweeney / Bill Buist

3 Northbelt Business Park Availabilities Doug Tyler

4 Newpoint Place IV 21,000-71,884 Ryan Sawyer / Chris Irby

5 625 Braselton Pkwy. 200,000-796,663 Ben Logue

6 1001 Cherry Dr. 97,205 Price Weaver / Bill Buist

7 Suwanee Creek Availabilities Elizabeth McSweeney

8 3435-3445 Breckinridge Blvd. 6,560-54,200 Chris Irby / Bill Buist

9 Breckinridge North Availabilities Elizabeth McSweeney

10 4955 Avalon Ridge Pkwy. 16,550-28,527 Bill Buist / Elizabeth McSweeney

11 620 Old Peachtree Rd. 36,000-72,000 Bill Buist / Elizabeth McSweeney

12 Norcross Center 6,000-29,647 Elizabeth McSweeney

13 6191 Atlantic Blvd. 5,300-17,000 Elizabeth McSweeney

14 4245 International Blvd. 249,200 Ryan Sawyer / Mike Spears

15 6100 Atlantic Blvd. 217,497 Elizabeth McSweeney

16 2935 Shawnee Ind. Way 196,215 Elizabeth McSweeney / Bill Buist

17 6438 Warren Drive 3,836 Lee Cardwell

18 Newpoint Commons-200 168,200 Elizabeth McSweeney

FOR SALE

# PROPERTY SF AVAIL. BROKER(S)

2 4680 River Green Pkwy. 106,000 Elizabeth McSweeney / Bill Buist

6 1001 Cherry Dr. 97,205 Price Weaver / Bill Buist

15 6100 Atlantic Blvd. 217,497 Elizabeth McSweeney

19 3025 Evergreen Drive 199,738 Price Weaver / Ben Logue

20 2444 Meadowbrook Pkwy. 222,524 Scott O’Halloran / Dennis Mitchell

20

MARKET REPORT | Q2 2010 | ATLANTA INDUSTRIAL | NORTHEAST ATLANTA