Atlanta’s Northwest Office Market at a Glance:  -         Leasing activity in the Cumberland office market was mediocre for first quarter. There were a few sizeable renewal and direct deals to take place; however, the area ultimately ended the quarter with more tenants moving out of rather than into office space.  Absorption was (68,658) SF. -         The...
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Warranty Holdings has signed a lease to move its Headquarters from Uniondale, New York to Atlanta, Georgia. The company will occupy its 24,000 Square Feet of office space next month. The Dupree Building, located in the Northwest Office Market, is owned managed by the local Atlanta developer Carter USA. With Warranty Holdings moving into...
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My Colliers office, here in Atlanta, just recently issued its 3rd quarter office market report for the Northwest Submarket. This includes the Cumberland/Galleria area, Marietta, and Kennesaw. Here are the highlights of the report. - Office Vacancy Rate is 18.7% - Year-to-Date Net Absorption is negative 246,000 SF of office space. This is...
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AssuranceAmerica, a property and casualty insurance company to the non-standard private automobile segment, has renewed their office lease with RiverEdge One office building located in Atlanta’s Northwest Office Market.  Guy Millner, a former US Senator, is the CEO and Chairman of the Board for AssuranceAmerica.  This is a big win for RiverEdge One, who is leased...
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Introduction to Overlook II and the outside of the building Lobby of Overlook II Views from the 11th floor of Overlook II and closing Overlook II has roughly 77,000 Square Feet of vacant space with suites ranging from 967 SF to 16,000 SF.  The owner, Parkway Properties, is currently quoting $23.00 per Square Foot.  For more information...
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Silverpop, a web based marketing firm, expanded it office space presence in Atlanta’s Northwest Office Market.  The company signed a 7 year lease renewal at 200 Galleria, and expanded its square footage from 38,000 SF to 62,000 SF.  In an office market that hasn’t seen much leasing activity in 2009, this announcement is great...
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According to Costar.com, First Option Mortgage has expanded its office space at Galleria 400, and signed a lease for 24,875 RSF.  First Option Mortgage has leased space within Galleria 400 for 5 years now, and signed the sublease agreement to meet its expansion needs.  This is good news for Atlanta’s Northwest office market that has seen 90,000...
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