Q1 2011 | I-20W/FULTON INDUSTRIAL
ATLANTA
SUBMARKET REPORT
TRENDS & HIGHLIGHTS
Square Feet
NEW SUPPLY, ABSORPTION AND VACANCY RATES
90,804,983
Total SF
1,500,000
18%
Vacancy Rate
1,000,000
16%
YTD Net Absorption
500,000
14%
0
12% 1Q10
2Q10
3Q10
4Q10
1Q11
(500,000)
10%
(1,000,000)
8% Absorption
Deliveries
15.4% (478,578)
YTD Deliveries
0
Under Construction
0
Avg. Warehouse Rate
$2.98 NNN
Source: CoStar Property, Colliers Research
Vacancy
MARKET INDICATORS Projected
Q1 2011
UPDATE Recent Transactions in the Market
Q2 2011
SALES ACTIVITY
—
VACANCY
PROPERTY ADDRESS
NET ABSORPTION CONSTRUCTION RENTAL RATE
— —
SALE PRICE
SIZE SF
PRICE / SF
BUYER
Thornton Rd. Distr. Ctr.
$22,000,000
476,086
$46.21
Colony Realty Partners
—
3710 Atlanta Ind. Pkwy.
$12,500,000
446,664
$27.99
Industrial Income Trust
—
1500,1575 Distribution Ct.
$7,475,000
321,103
$23.28
KTR Capital Partners
605 Selig Dr.
$6,000,000
657,709
$9.12
M.F. DiScala & Co.
I-20 West/ Fulton Ind
LEASING ACTIVITY
www.colliers.com/atlanta
TENANT
PROPERTY ADDRESS
SIZE SF
TYPE
Scott Distribution
4175 Boulder Ridge Dr.
142,352
Warehouse Lease
Invacare
4350-4360 Boulder Ridge
91,418
Warehouse Renewaol
VFU
5480 FIB/5800 Westpark
79,540
Warehouse Lease
Havell’s Lighting
125 A/B Villanova Dr.
74,727
Distribution Lease
•
Following a previous quarter of strong absorption, the I-20 West/Fulton Industrial submarket finished the first quarter of 2011 with the highest amount of space given back by tenants in Atlanta. Absorption in the submarket was (478,578) SF for the period. NIBCO, National Powersport Auction and Bonded Service were the largest move-outs in the quarter.
•
The negative activity raised the overall vacancy rate in I-20 West/Fulton Industrial to 15.4%. This is equal to the rate from this time last year, meaning the current amount of vacant space in the submarket is the same as it was back in first quarter 2010.
•
Going forward, activity is expected to be balanced in the submarket. This does nothing for the space available in the submarket, though it at least shows some leasing activity occurring in the area.
MARKET REPORT | Q1 2011 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL
COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS B
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Colliers International Two Midtown Plaza | Suite 1100 1349 West Peachtree Street, NE Atlanta, Georgia, 30309 TEL +1 404 888 9000 FAX +1 404 870 2845
COLLIERS INTERNATIONAL ATLANTA INDUSTRIAL SPECIALISTS:
Cascade Sprgs Nature Preserve
Alfred Top Holmes Golf Course
Dr
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Marty Arnold
Elizabeth McSweeney
Douglas Biggs
Scott Plomgren
Sean Boswell
Henry Sawyer
Bill Buist
Ryan Sawyer
Lee Cardwell
Mike Spears
Chris Cummings
Rick Vaughn
Ben Logue
Price Weaver
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FOR LEASE #
PROPERTY
SF AVAIL.
BROKER(S)
1
120 Interstate West Pkwy.
14,400
Sean Boswell / Chris Cummings
2
4300 Westpark Dr.
216,074
Douglas Biggs / Lee Cardwell
3
780 Douglas Hill Rd.
107,000
Sean Boswell / Lee Cardwell
4
6255 Fulton Industrial Blvd.
120,960
Lee Cardwell / Douglas Biggs
5
6215 Fulton Industrial Blvd.
49,960
Scott Plomgren
6
5400 Fulton Industrial Blvd.
448,448
Scott Plomgren
7
6355 Boat Roack Blvd.
296,290
Scott Plomgren
8
5000 Westpark Dr.
32,784
Scott Plomgren
9
4530 Patton Dr.
168,000
Scott Plomgren
10
100 Doris Williams Industrial
90,000
Chirs Cummings / Sean Boswell
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ATLANTA CHRISTIAN COLLEGE
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 firm of Colliers International Property Consultants, an affiliation of independent companies with over 480 offices throughout more than 61 countries worldwide.
FOR SALE #
PROPERTY
SF AVAIL.
BROKER(S)
7
6355 Boat Roack Blvd.
296,290
Scott Plomgren
11
3376 Highway 5
14,725
Douglas Biggs / Price Weaver
12
4795 Fulton Industrial Blvd.
100,048
Sean Boswell / Chris Cummings
13
5020 Bakers Ferry Rd.
45,089
Scott Plomgren
www.colliers.com/atlanta
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