Northlake Office Market Struggles Amid Metro Rebound

The community has posted more than 375,000 square feet of negative office space absorbtion this year.

Northlake's office space market is struggling while the larger Atlanta metro area experiences a rebound.

The Atlanta area is on pace to absorb almost three million square feet of office space, the highest rate in several years, according to the Atlanta Business Chronicle.

But, so far, that improvement doesn't include Northlake.

From the story:

The Northlake office market on the east Perimeter is also losing ground. Northlake has posted more than 375,000 square feet in negative absorption this year, according to Jones Lang LaSalle.

That's all the story says about Northlake, but read the story for more information. Atlanta's office vacancy rate currently stands at 20 percent, an improvement over the historic high of 22.5 percent in 2010, the paper reported.


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