NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q42010

NEXTQTR

VACANCY

NET ABSORPTION

CONSTRUCTION —

RENTAL RATE —

Q4 2010 | NORTHEAST ATLANTA

Nort

heast

TRENDS & HIGHLIGHTS

(2,000,000)

(1,500,000)

(1,000,000)

(500,000)

0

500,000

1,000,000

4Q09 1Q10 2Q10 3Q10 4Q10

8%

9%

10%

11%

12%

13%

14%

15%

16%

Absorption Deliveries Vacancy

Total SF 169,777,664

Vacancy Rate 14.5%

YTD Net Absorption (693,467)

YTD Deliveries 0

Under Construction 482,000

Avg. Warehouse Rate $3.36 NNN

Source: CoStar Property

UPDATE Recent Transactions in the Market

SALES ACTIVITY

PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER

4103 Tench/300 Brogdon $14,200,000 231,696 $61.29 Industrial Income Trust2775 Horizon Ridge Ct. $10,063,000 223,219 $45.08 Thermo Fisher Scientifi c1050 Northbrook Pkwy. $5,075,000 108,632 $46.72 Block Real Estate Serv.100 Petty Rd. $3,945,258 112,860 $34.96 Meritex Atlanta Ind.

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

Kichler Lighting Braselton 85 Distr. Ctr. 247,700 Distribution Lease

Bagcraft 6448 Best Friend Rd. 225,984 Warehouse Lease

National Gypsum Co. Peachtree Corners DC 300 142,800 Warehouse Renewal

Exel 2500 West Park 108,000 Warehouse Renewal

• Fourth quarter absorption in Northeast Atlanta was second highest for the entire Atlanta industrial market. The occupancy gain was mostly a result of numerous move-ins from companies between 50,000 to 100,000 SF. Also, fourth quarter move-outs were limited in the submarket.

• Vacant space remains highest in the Northeast Atlanta industrial submarket. Over the past year, the vacancy rate has risen 0.5%, amounting to almost 850,000 SF of vacant space added.

• After a modest year of activity, leasing in Northeast Atlanta is beginning to show signs of strengthening.• Aldi’s build-to-suit facility of 482,000 SF is scheduled to deliver in the fi rst quarter of 2011. Ground-

breaking for FedEx Ground’s new distribution center is scheduled to begin soon. This will be the only new construction occurring in the submarket for some time.

Squa

re F

eet

UNITED STATES:

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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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8910

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1819

FOR LEASE

# PROPERTY SF AVAIL. BROKER(S)

1 Oakbrook Summit Availabilities Elizabeth McSweeney

2 Northbrook Summit 6,000-40,800 Price Weaver / Mike Spears

3 Northbelt Business Park Availabilities Doug Tyler

4 Brook Hollow Distribution Ctr. 27,200-51,800 Elizabeth McSweeney

5 1280 Lakes Pkwy. 82,076 Elizabeth McSweeney / Bill Buist

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

7 Suwanee Creek Availabilities Elizabeth McSweeney

8 3435 Breckinridge Blvd. 12,800 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 Gwinnett Progress Ctr.-200 103,925 Rick Vaughn

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 6334-6476 Warren Drive 3,856-20,720 Lee Cardwell

18 Newpoint Commons 7,641-168,200 Elizabeth McSweeney

FOR SALE

# PROPERTY SF AVAIL. BROKER(S)

2 Northbrook Summit 46,800 Price Weaver / Mike Spears

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 | Q4 2010 | ATLANTA INDUSTRIAL | NORTHEAST ATLANTA