2Q 2012 | I-20 West Fulton Industrial | Market Report

Page 1

Q2 2012 | I-20W/FULTON INDUSTRIAL

ATLANTA

SUBMARKET REPORT

TRENDS & HIGHLIGHTS

90,955,494

Total SF

1,000,000

16%

Vacancy Rate

800,000

15%

600,000

14%

Square Feet

NEW SUPPLY, ABSORPTION AND VACANCY RATES

YTD Net Absorption

1,144,698

13%

400,000

12% 200,000

0

YTD Deliveries

11%

0 (200,000)

13.6%

10% 2Q11

3Q11

4Q11

1Q12

2Q12

(400,000)

8% Absorption

Deliveries

Under Construction

653,484

9%

Avg. Warehouse Rate

$2.91 NNN

Source: CoStar Property, Colliers Research

Vacancy

MARKET INDICATORS Projected

Q2 2012

UPDATE Recent Transactions in the Market

Q3 2012

SALES ACTIVITY VACANCY NET ABSORPTION CONSTRUCTION RENTAL RATE

PROPERTY ADDRESS

SALE PRICE

SIZE SF

PRICE / SF

BUYER

Hartman V-7545

$26,350,000

569,673

$46.26

Duke Realty

Hartman I-675

$16,100,000

353,983

$45.48

Industrial Income Trust

Hartman II-555

$12,650,000

261,799

$48.32

Industrial Income Trust

3755 Atlanta Industrial Pky.

$11,300,000

407,981

$27.70

STAG Industrial Mgmt.

I-20 West/ Fulton Ind

LEASING ACTIVITY

www.colliers.com/atlanta

TENANT

PROPERTY ADDRESS

SIZE SF

TYPE

Subaru

9000 Riverside Pkwy.

306,772

Warehouse Lease

Madras Packaging

6220 Duquesne Dr.

180,000

Warehouse Renewal

Consolidated Container

400 Indeco Blvd.

124,323

Warehouse Renewal

Graphic Dimension

Hartman I

65,259

Warehouse Lease

For the fourth consecutive quarter, the I-20 West/Fulton Industrial submarket saw its occupancy level increase. Second quarter absorption, which totaled 873,290 SF was the highest in the submarket since the fourth quarter of 2010.

The positive absorption over the past year has resulted in the submarket’s industrial vacancy rate dropping below 14%. During this time, over 1.8 million square feet of vacant space has been filled.

IDI began construction of its 653,484 SF spec industrial building this quarter. The distribution facility is expected to deliver by the end of the year.

Though only slight, I-20 West/Fulton Industrial is the only major industrial submarket in Atlanta seeing some upward movement in asking rents.


MARKET REPORT | Q2 2012 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL

COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS M

Pis

le Pk

ill

wy

M

N

ns Qu ee

or y

ct

16 Ri 18 ee rs id e

Ri ve

s

ek Camp Cre

D OUG LA S 12 15 COU NTY

ck

s

at

Rd

3

de

si

t oa

20

• nso

Wilson Mill Park

I

n

n

Fer ry Rd

10

17

on

FU LTO N COU NTY

Southwest Hospital

Cascade Rd

Danforth Rd

Be nja min

EM ays Dr

UNITED STATES:

Rd

Cascade Rd

Ne

id

e

Ca

mp

be

Sandtown Park

management

Rd

Cascade Ca a cad de Heights H He e ghts ts

p Ho

llto

n Rd

Dr

Melvin Drive Park Melvin Dr

Cascade Sprgs Nature Preserve

Alfred Top Holmes Golf Course

Panther Trail

D

st

MLK Jr

rs

w

$1.8 billion in annual revenue

• Over 2.5 billion square feet under • Over 12,000 professionals

e

Camp Creek Pkwy

ve

vd

Bl

Hamilton E. Holmes

Boulder Park Dr

Andre ws D r

14

Ri

l ria

Joh

Rd

lto

Trammell Crow Park

19 11 4

6

y Ferr ers Bak

ria

st

u nd

Fu

Blvd

ck Ro

La Grange Blvd

B

v Ri

8

d

lv

lB

h

13 7

Pkwy

er

t

oc

wy

e

Pk

Hou

Ch

o ah

Kimbe rly Rd

ll R Hi

Rd

r ve

Pe yt

Fl

ag

2

Collier Dr

y

Fairburn Rd

Fa

x

las

Ro

Dr

Six Flags Over Georgia

Rd

Si

d

ield

Rd

Pkw

United States: 147 Canada: 37 Latin America: 19 Asia Pacific: 201 EMEA: 118

erf

Sh

ite Wh

Dou g

Dr

Fulton County Airport Brown Field

Childress Dr

ls

oa

mm

s

ag

Fl

x

es t

Rd

Fairburn Rd

Drive

Si

1

Su

Rd

Six Flags

Bla

5

th

ge

rid

ir B

w

ale kd Oa

Hi llc re st Dr

Rd

522 offices in 62 countries on 6 continents

or

S Gordon Rd

9

Pkwy

n

d

to

Wallace Park

don R

lto

Rd

ab

S Gor

Bo

James

Hwy

Rd

Hollywood Rd

h ga

nR

nk he ad

Rd

kson James Jac

a Rd

labam

Old A

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

Frwy

FOR LEASE COLLIERS INTERNATIONAL ATLANTA INDUSTRIAL SPECIALISTS:

#

PROPERTY

SF AVAIL.

BROKER(S)

1

120 Interstate West Pkwy.

14,400

Sean Boswell / Chris Cummings

Marty Arnold

2

780 Douglas Hill Rd.

107,000-215,025

Sean Boswell / Lee Cardwell

Douglas Biggs

Darren Ross

3

9000 Riverside Pkwy.

235,719

Scott Plomgren / Price Weaver / Sean Boswell

Sean Boswell

Henry Sawyer

4

6215 Fulton Industrial Blvd.

48,724

Scott Plomgren

Bill Buist

Ryan Sawyer

5

7705 Staples Dr.

585,000

Sean Boswell / Scott Plomgren

Lee Cardwell

Mike Spears

6

6355 Boat Rock Blvd.

296,260

Scott Plomgren

Chris Cummings

Rick Vaughn

7

5000 Westpark Dr.

32,784

Scott Plomgren

Ben Logue

Price Weaver

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

16

210 & 220 The Bluffs

48,459-143,129

Scott Plomgren / Price Weaver / Sean Boswell

17

Westgate Industrial Ctr.

11,006-44,521

Scott Plomgren / Price Weaver / Sean Boswell

18

8080 Troon Circle

3,084-32,000

Scott Plomgren / Price Weaver / Sean Boswell

19

7035 Lagrange Blvd.

67,040

Scott Plomgren / Price Weaver / Sean Boswell

20

6140 Purdue Drive-Bldg. 4

40,682

Scott Plomgren / Price Weaver / Sean Boswell

Scott Plomgren

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.

296,260

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

Accelerating success.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.