Q1 2011 | SOUTH ATLANTA
ATLANTA
SUBMARKET REPORT
TRENDS & HIGHLIGHTS
143,415,310
Total SF
2,500,000
16%
Vacancy Rate
2,000,000
15%
Square Feet
NEW SUPPLY, ABSORPTION AND VACANCY RATES
1,500,000
14%
1,000,000 13% 500,000 12%
0 (500,000)
1Q10
2Q10
3Q10
4Q10
1Q11
(1,000,000) Deliveries
YTD Net Absorption
2,084,211
YTD Deliveries
1,150,000 409,006
Under Construction
11% 10%
Absorption
14.1%
Avg. Warehouse Rate
$2.88 NNN
Source: CoStar Property, Colliers Research
Vacancy
MARKET INDICATORS Projected
Q1 2011 VACANCY
UPDATE Recent Transactions in the Market
Q2 2011
SALES ACTIVITY
—
PROPERTY ADDRESS
NET ABSORPTION CONSTRUCTION RENTAL RATE
—
SALE PRICE
SIZE SF
PRICE / SF
BUYER
Atlanta Tradeport 200-1000
$21,550,000
301,709
$71.43
TA Realty Associates
8400 Tatum Rd.
$12,750,000
1,337,487
$9.53
Lowe’s Home Centers
3025 Sylvan Rd.
$4,052,841
415,676
$9.75
Parking Co. of America
100 Cooper Circle
$3,700,000
37,303
$99.19
Wilson & Nolan
South Atlanta
LEASING ACTIVITY
www.colliers.com/atlanta
TENANT
PROPERTY ADDRESS
SIZE SF
TYPE
Home Depot
335 Greenwood Pl.-100
1,245,868
Warehouse Renewal
Electrolux
7780 Spence Rd.
600,000
Warehouse Lease
FedEx
4400 International Pky.
291,716
Distribution Renewal
Genco ATC
200-210 Interstate South Dr 256,320
Warehouse Renewal
•
South Atlanta led the Atlanta industrial market in absorption in the first quarter with a net total over 2 million square feet filled. The largest move-ins in the market occurred in South Atlanta. They include Clorox moving into its newly delivered 1.2 million sq. ft. distribution facility and Phillips Van Heusen moving into 851,349 sq. ft. at Liberty Industrial Park.
•
Despite the delivery of Clorox’s 1.2 million sq. ft. build-to-suit, the overall vacancy rate in South Atlanta decreased 0.8% from last quarter. This represents 1.1 million square feet of existing vacancy filled during the three month period.
•
The South Atlanta market is the most active industrial market in all of metro Atlanta. The submarket’s location and transportation infrastructure make it superior to other submarkets.
MARKET REPORT | Q1 2011 | ATLANTA INDUSTRIAL | SOUTH ATLANTA
COLLIERS INTERNATIONAL SOUTH ATLANTA INDUSTRIAL LISTINGS 2 3
7
480 offices in 61 countries on 6 continents
9
1
16
10 5 6 11 12
15
United States: 135 Canada: 39 Latin America: 17 Asia Pacific: 194 EMEA: 95 4
•
13
$2 billion in annual revenue
• Over 2 billion square feet under
8
management 14
• Over 15,000 professionals
UNITED STATES:
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
#
PROPERTY
SF AVAIL.
BROKER(S)
1
4280 Stacks Rd.
64,030
Chris Cummings / Sean Boswell
2
Tradeport I-4380 Intl. Pkwy.
242,000
Elizabeth McSweeney
3
Tradeport II-4350 Intl. Pkwy.
64,000
Elizabeth McSweeney
COLLIERS INTERNATIONAL ATLANTA INDUSTRIAL SPECIALISTS:
4
80 Liberty Industrial Pkwy.
123,600
Chris Cummings / Sean Boswell
Marty Arnold
5
Atlanta Southern Bus. Park I
68,250-273,000
Douglas Biggs
Douglas Biggs
Scott Plomgren
6
7625 Southlake Pkwy.
124,000
Douglas Biggs
Sean Boswell
Henry Sawyer
7
Welcome All Industrial Park
30,000-945,380
Marty Arnold
Bill Buist
Ryan Sawyer
8
103-105 Declaration Dr.
237,650
Ryan Sawyer / Mike Spears
Lee Cardwell
Mike Spears
9
3060 South Park Blvd.
413,356
Sean Boswell / Chris Cummings
Chris Cummings
Rick Vaughn
10
1100 Commerce Rd.
55,000
Rick Vaughn
Ben Logue
Price Weaver
11
7534-7538 Southlake Pkwy.
14,535
Rick Vaughn
12
7544 Southlake Pkwy.
35,584
Rick Vaughn
13
201 King Mill Ct.
570,586
Ryan Sawyer / Mike Spears
14
109 Bunch Rd.
14,535
Rick Vaughn
15
140 Amlajack Way
54,212
Rick Vaughn
FOR SALE #
PROPERTY
SF AVAIL.
BROKER(S)
4
80 Liberty Industrial Pkwy.
123,600
Chris Cummings / Sean Boswell
11
7534-7538 Southlake Pkwy.
14,535
Rick Vaughn
12
7544 Southlake Pkwy.
35,584
Rick Vaughn
14
109 Bunch Rd.
209,375
Rick Vaughn
15
140 Amlajack Way
54,212
Rick Vaughn
16
640 Highway 138
50,750
Lee Cardwell
Elizabeth McSweeney
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.
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