Q1 2012 | I-20W/FULTON INDUSTRIAL
ATLANTA
SUBMARKET REPORT
TRENDS & HIGHLIGHTS
Square Feet
NEW SUPPLY, ABSORPTION AND VACANCY RATES 600,000
17%
500,000
16%
400,000
15%
300,000
14%
200,000
13%
100,000
12%
0 (100,000)
11% 1Q11
2Q11
3Q11
4Q11
1Q12
10%
(200,000)
9%
(300,000)
8% Absorption
Deliveries
90,981,645
Total SF Vacancy Rate
14.6%
YTD Net Absorption
253,432
YTD Deliveries
0
Under Construction
0
Avg. Warehouse Rate
$2.92 NNN
Source: CoStar Property, Colliers Research
Vacancy
MARKET INDICATORS Projected
Q1 2012
UPDATE Recent Transactions in the Market
Q2 2012
SALES ACTIVITY VACANCY NET ABSORPTION CONSTRUCTION
—
RENTAL RATE
PROPERTY ADDRESS
SALE PRICE
SIZE SF
PRICE / SF
BUYER
747 Douglas Hill Rd.
$40,000,000
913,000
$43.81
LaSalle Investment Mgmt
4785 Fulton Industrial Blvd.
$5,125,000
342,400
$14.97
Waste Pro USA
800 Wharton Dr.
$1,371,316
59,878
$22.90
Duffy Box & Recycling
345 Patton Dr.
$1,250,000
69,126
$18.08
M&F Business Corp.
I-20 West/ Fulton Ind
LEASING ACTIVITY
www.colliers.com/atlanta
TENANT
PROPERTY ADDRESS
SIZE SF
TYPE
New Breed Logistics
5400 Fulton Industrial Blvd.
448,448
Warehouse Lease
Allied Aerofoam
605 Selig Dr.
170,000
Warehouse Lease
Victory Packaging
6047 Fulton Industrial Blvd.
128,000
Distribution Lease
EXPOPLUS Inc.
1055 Research Ctr. Atl. Dr.
65,280
Distribution Renewal
•
The I-20 West/Fulton Industrial submarket continues to show improvement in filling vacant space. First quarter absorption totaled just under 250,000 square feet which resulted in the overall vacancy rate for the submarket dropping for the third consecutive quarter.
•
Despite a plethora of obsolete industrial space, demand in I-20 West/Fulton Industrial is maintaining a steady course; mostly from smaller space users. The submarket’s location is ideal to companies seeking close proximity to rail, interstate and airport access.
•
Construction should begin on IDI’s 650,000 square foot spec industrial building soon. This will be the largest spec industrial building since 2008. Given the updated features offered by the new building, it will be a matter of time before it is 100% leased.
MARKET REPORT | Q1 2012 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL
COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS B
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FOR LEASE
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:
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Scott Plomgren
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Darren Ross
Sean Boswell
Henry Sawyer
Bill Buist
Ryan Sawyer
#
PROPERTY
SF AVAIL.
BROKER(S)
Lee Cardwell
Mike Spears
1
120 Interstate West Pkwy.
14,400
Sean Boswell / Chris Cummings
Chris Cummings
Rick Vaughn
2
780 Douglas Hill Rd.
107,000-215,025
Sean Boswell / Lee Cardwell
Ben Logue
Price Weaver
3
9000 Riverside Pkwy.
259,954-542,491
Scott Plomgren / Price Weaver / Sean Boswell
4
6215 Fulton Industrial Blvd.
15,824
Scott Plomgren
5
7705 Staples Dr.
585,000
Sean Boswell / Scott Plomgren
6
6355 Boat Rock Blvd.
296,260
Scott Plomgren
7
5000 Westpark Dr.
32,784
Scott Plomgren
8
4530 Patton Dr.
16,000-26,000
Scott Plomgren
9
100 Doris Williams Industrial
90,000
Chris Cummings / Sean Boswell
10
5125 Fulton Industrial Blvd.
149,386
Chris Cummings / Sean Boswell
11
6070 Fulton Industrial Blvd.
227,600
Scott Plomgren / Price Weaver / Sean Boswell
12
777 Douglas Hill Rd.
217,603
Scott Plomgren / Price Weaver / Sean Boswell
13
5320 Fulton Industrial Blvd.
30,135
Scott Plomgren / Price Weaver / Sean Boswell
14
6150 Lagrange Blvd.
70,501
Scott Plomgren / Price Weaver / Sean Boswell
15
757-767 Douglas Hill Rd.
295,768-342,217
Scott Plomgren / Price Weaver / Sean Boswell
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 520 offices throughout 62 countries worldwide.
FOR SALE #
PROPERTY
SF AVAIL.
BROKER(S)
6
6355 Boat Roack Blvd.
296,290
Scott Plomgren
9
100 Doris Williams Industrial
90,000
Chris Cummings / Sean Boswell
10
5125 Fulton Industrial Blvd.
149,386
Chris Cummings / Sean Boswell
www.colliers.com/atlanta
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