NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q42010

NEXTQTR

VACANCY

NET ABSORPTION

CONSTRUCTION — —

RENTAL RATE

Q4 2010 | NORTHWEST ATLANTA

Nort

hw

est

TRENDS & HIGHLIGHTS

(400,000)

(200,000)

0

200,000

400,000

600,000

800,000

4Q09 1Q10 2Q10 3Q10 4Q10

2%

4%

6%

8%

10%

12%

14%

16%

Absorption Deliveries Vacancy

Total SF 57,418,227

Vacancy Rate 13.9%

YTD Net Absorption 589,333

YTD Deliveries 18,750

Under Construction 0

Avg. Warehouse Rate $3.61 NNN

Source: CoStar Property

UPDATE Recent Transactions in the Market

SALES ACTIVITY

PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER

1892 Airport Industrial Blvd. $7,900,000 147,474 $53.57 R&L Carriers2120,2124 Barrett Park Dr. $7,786,000 152,500 $51.06 Meritex Enterprises166 Etowah Industrial Ct. $4,209,000 211,948 $19.86 MDH Partners7629 Highway 140 $2,275,000 101,762 $22.36 Godfrey Hirst USA

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

Shaw Industries 400 Princeton Blvd. 292,000 Warehouse Renewal

Mechadyne Machine 434 Seaboard Ind. Park Dr. 61,693 Warehouse Lease

TI Automotive 510 S. Tennessee St. 44,500 Warehouse Lease

Graphics Solutions 101 Old Mill Rd. 33,200 Warehouse Renewal

• After two consecutive quarters of 400,000 SF+ in positive absorption, Northwest Atlanta saw total occupancy drop by 253,000 SF in the fourth quarter. Robina Floors and Transfreight were the largest move-outs. Robina Floors relocated to the I-20 West/Fulton Industrial submarket while Transfreight contracted their space by almost 50,000 SF in the quarter.

• Northwest Atlanta’s overall vacancy rate is down 0.9% from the end of 2009. Positive absorption, along with minimal industrial space delivered were the reasons for the drop. The submarket’s largest move-ins in 2010 were JVC (210,778 SF), Americo (152,387 SF) and Recycletronics (150,724 SF).

• Not much is expected to change with regards to leasing activity in the Northwest Atlanta industrial submarket, however, the outlook is more optimistic heading into 2011 than it has been in the past two years.

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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:

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

4 3675 Kennesaw 75 Pkwy. 42,788 Douglas Biggs / Lee Cardwell

5 1990 Delk Industrial Blvd. 9,113 Lee Cardwell / Scott O’Halloran

6 Commerce Park 4,767 Lee Cardwell / Scott O’Halloran

7 1666 Roswell Rd. 10,434 Douglas Biggs / Mike Spears

FOR SALE

# PROPERTY SF AVAIL. BROKER(S)

4 3675 Kennesaw 75 Pkwy. 42,788 Douglas Biggs / Lee Cardwell

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MARKET REPORT | Q4 2010 | ATLANTA INDUSTRIAL | NORTHWEST ATLANTA