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
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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
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
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