Q4 2011 | I-20W/FULTON INDUSTRIAL
ATLANTA
SUBMARKET REPORT
TRENDS & HIGHLIGHTS
90,909,346
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
15,424
13%
400,000
12% 200,000
YTD Deliveries
0
Under Construction
0
11%
0 (200,000)
15%
10% 4Q10
1Q11
2Q11
3Q11
4Q11
(400,000)
9% 8%
Absorption
Deliveries
Avg. Warehouse Rate
$2.99 NNN
Source: CoStar Property, Colliers Research
Vacancy
MARKET INDICATORS Projected
Q4 2011
UPDATE Recent Transactions in the Market
Q1 2012
SALES ACTIVITY VACANCY NET ABSORPTION CONSTRUCTION RENTAL RATE
PROPERTY ADDRESS
SALE PRICE
SIZE SF
PRICE / SF
BUYER
6555 Fulton Industrial Blvd.
$12,375,000
375,000
$33.00
KTR Capital Partners
—
Atlanta Ind Park - 6 prop.
$10,000,000
317,764
$31.47
Cobalt Capital Partners
—
660 Campbell Ct.
$7,390,000
223,968
$33.00
KTR Capital Partners
4785 Fulton Industrial Blvd.
$5,125,000
342,400
$14.97
Waste Pro USA
I-20 West/ Fulton Ind
LEASING ACTIVITY
www.colliers.com/atlanta
TENANT
PROPERTY ADDRESS
SIZE SF
TYPE
New Breed Logistics
5400 Fulton Industrial Blvd.
439,487
Warehouse Lease
Allied Aerofoam
605 Selig Dr.
170,000
Warehouse Lease
Best Warehouse & Trans.
6255 Fulton Industrial Blvd.
120,960
Warehouse Lease
Core-Mark International
3655 Atlanta Ind. Dr. - 100
67,238
Warehouse Lease
•
Following three consecutive quarters of negative absorption, the I-20 West/Fulton Industrial submarket saw market conditions improve in the fourth quarter with almost 400,000 SF absorbed. The largest move-in was Czarnowski Display services which occupied 569,673 SF at 7545 Hartman Industrial Way; basically accounting for all of the positive activity.
•
I-20 West/Fulton Industrial has been slower to recover than Atlanta’s two largest industrial submarkets. Whereas vacancy rates have shown some downward trend in South Atlanta and Northeast Atlanta, the overall vacancy rate for I-20 West/Fulton Industrial has remained level.
•
IDI recently announced it will begin construction of Atlanta’s first spec industrial building since 2008 in the submarket at Riverside Business Park. The building will be 650,000 SF.
MARKET REPORT | Q4 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:
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Scott Plomgren
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Darren Ross
Jill Bomar
Henry Sawyer
Sean Boswell
Ryan Sawyer
#
PROPERTY
SF AVAIL.
BROKER(S)
Bill Buist
Mike Spears
1
120 Interstate West Pkwy.
14,400
Sean Boswell / Chris Cummings
Lee Cardwell
Rick Vaughn
2
780 Douglas Hill Rd.
107,000-215,025
Sean Boswell / Lee Cardwell
Chris Cummings
Price Weaver
3
9000 Riverside Pkwy.
259,954-542,491
Scott Plomgren / Price Weaver / Sean Boswell
Ben Logue
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
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 512 offices throughout more than 61 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
15
5020 Bakers Ferry Rd.
45,089
Scott Plomgren
www.colliers.com/atlanta
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