NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q22010

NEXTQTR

VACANCY

NET ABSORPTION

CONSTRUCTION — —

RENTAL RATE —

Q2 2010 | NORTHWEST ATLANTA

Nort

hw

est

TRENDS & HIGHLIGHTS

(800,000)

(600,000)

(400,000)

(200,000)

0

200,000

400,000

600,000

800,000

2Q09 3Q09 4Q09 1Q10 2Q10

2%

4%

6%

8%

10%

12%

14%

16%

18%

Absorption Deliveries Vacancy

Total SF 57,134,929

Vacancy Rate 14%

YTD Net Absorption 442,301

YTD Deliveries 0

Under Construction 18,750

Avg. Warehouse Rate $3.70Source: CoStar Property

UPDATE Recent Transactions in the Market

SALES ACTIVITY

PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER

1940 W. Oak Cir. $6,750,000 215,962 $31.26 Roark Capital800 Martin L. King Dr. $4,350,000 57,500 $75.65 The Alpert Group1100 Cobb Intl. Blvd. $2,700,000 45,661 $59.13 Systems Atlanta1039 Northpoint Dr. $2,585,000 210,778 $12.26 MDH Partners

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

JVC 1039 Northpoint Pkwy. 210,778 Warehouse Lease

Recycletronics 7000 Cobb International 150,724 Warehouse Lease

Illinois Tool Works 2850 Barrett Lakes Blvd. 87,500 Warehouse Renewal

Consumer Product Services Cherokee Commerce Ctr.-3 50,007 Warehouse Lease

• A strong second quarter of absorption helped bring net absorption on the year in Northwest Atlanta into positive territory. In addition, the submarket has the second highest year-to-date industrial absorption total in the Atlanta market.

• Despite losing a record amount of occupancy in 2008 and 2009, Northwest Atlanta appears to be in recovery mode now. Leasing activity has picked up in 2010 and vacancy has dropped almost a full percentage point since its peak of 15.7% in the third quarter of 2009.

• Industrial property sales in Northwest Atlanta have been relatively active in 2010 with $31.8 million sold to date. The majority of these sales are user sales.

• The submarket’s average rental rate is down 13% from this time last year and 27% from two years ago.

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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 NORTHWEST ATLANTA INDUSTRIAL LISTINGS

FOR LEASE

# PROPERTY SF AVAIL. BROKER(S)

1 1965 Vaughn Rd. 11,212-24,551 Douglas Biggs

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

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

MARKET REPORT | Q2 2010 | ATLANTA INDUSTRIAL | NORTHWEST ATLANTA