1Q 2011 | Atlanta South Industrial | Market Report

Page 1

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.

Accelerating success.

www.colliers.com/atlanta


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