Kaiser Permanente has a 40,000 SF Medical Office Expansion
in TownPark
Scroll down to view full report by Kerry O'Brien of Taylor & Mathis, Inc. |
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| Atlanta Office Space Market - Northwest/I-75/I-575 |
(Reported by)
D. Kerry O'Brien
Senior Vice President
Taylor & Mathis, Inc.
kobrien@taylormathis.com
770-795-1330
Looking for space? Kerry has 26 years of CRE experience. |
Northwest/I-75/I-575 Submarket - 4th Qtr 2011
Effective Rental Rates:
Class A office space: $18.00-$21.00 per SF
Class B office space: $14.00-$18.00 per SF
Class C office space: $10.00-$14.00 per SF
Concessions:
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Free Rent: On average one month per year of term, typically outside the term. |
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Tenant Improvement Allowance: $25.00 - $35.00 per SF shell space; $10.00 - $20.00 per SF second generation. |
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Moving Allowances: For some credit-worthy tenants. |
Absorption Rate: 127,334 SF in 4th Qtr. 2011*
Vacancy Rate: 18.22% in 4th Qtr. 2011*
* Source: CoStar Group, Inc.
New office projects in the area: No new spec office deliveries. Some new medical office, including a 40,000 SF expansion by Kaiser Permanente in TownPark.
Major office leases or announcements: Both new tenants and existing tenants continue to support this area as evidenced by Novelis having leased the 162,000 SF building at 1950 Vaughn Road for an R&D facility. Airgas South has leased 46,700 SF at Barrett Business Center 400. Brasfield Gorrie and TSYS have each renewed their leases for 50,000 SF and 80,000 SF, respectively, in 100 and 200 Barrett Summit. 
Other trends in the submarket that should be noted: Leasing activity is improving this quarter, with both existing tenants beginning to show needs to expand, and new tenants coming into the market. |
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| FREE MARKET REPORTS AT DOREY.COM ... 24/7... CLICK HERE |
| Northwest Premier Office Property Short-List* |
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TownPark Commons
125, 175, 225, 500 TownPark Drive
RATE:
$21.75 (G)
MAX CONTIG:
8,714 SF |
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| Daniel Corporation |
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| *Short-List represents featured properties inside Dorey’s Atlanta Office Guide. The Done Deals shown in this Short List are reported to us quarterly as a voluntary effort. It does not represent a comprehensive report of done deals for all Short List properties. |
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