Buford | Duluth | Suwanee
Gwinnett County, GA
GET TO KNOW THE BUFORD / DULUTH / SUWANEE AREA
The Duluth/Suwanee/Buford Submarket has many attributes that make it attractive to industrial and distribution companies. Duluth Suwanee Buford has direct access to I-85 and the Norfolk Southern Railroad allowing tenants and building owners to send product up and down the east cost. The I 85 North corridor has access to the nearby affluent populations of North Fulton and Gwinnett.
Construction activity has picked up in recent years, and Buford is adding over 3,000,000 sq ft of warehouse space in 2019, leasing has been strong enough to keep vacancy rates below 5%, due to an expanding logistics market. Rent growth continues to grow and with average net lease rates of $6.30 psf according to Costar.
INDUSTRIAL STATISTICS FOR THE BUFORD / DULUTH / SUWANEE MARKET
As Published by CoStar
- 12 Month Sales Volume: $200,000,000
- 12 Month Net Absorption: - (200,000) SF
- Vacancy Rate: 5.80%
- Rent Growth: 7.80%
- Market Rent: $10.36/SF
- Estimated Total Inventory: 60,500,000 SF
- Under Construction: 1,000,000 SF