Q3 2011 | SOUTH ATLANTA
ATLANTA
SUBMARKET REPORT
TRENDS & HIGHLIGHTS NEW SUPPLY, ABSORPTION AND VACANCY RATES 18%
2,500,000
16% 1,500,000
Square Feet
Vacancy Rate
14.6%
17%
2,000,000
YTD Net Absorption
4,538,602
YTD Deliveries
1,620,006
15% 14%
1,000,000
13%
500,000
12% 0 (500,000)
144,739,029
Total SF
3Q10
4Q10
Absorption
1Q11
2Q11
Deliveries
3Q11
11% 10%
0
Under Construction Avg. Warehouse Rate
$2.83 NNN
Vacancy
Source: CoStar Property, Colliers Research
MARKET INDICATORS Projected
Q3 2011
UPDATE Recent Transactions in the Market
Q4 2011
SALES ACTIVITY
—
VACANCY NET ABSORPTION
—
CONSTRUCTION RENTAL RATE
—
PROPERTY ADDRESS
SALE PRICE
SIZE SF
PRICE / SF
BUYER
5290 Old Dixie Hwy.
$9,275,000
226,239
$41
High Street Equity Adv.
700 Dividend Dr.
$3,600,000
50,400
$71.43
IPN USA Corp.
4849 Massachusetts Blvd.
$2,689,000
148,850
$18.07
Telecycle
140 Amlajack Way
$2,450,000
54,212
$45.19
Pearson Engineering
South Atlanta
LEASING ACTIVITY
www.colliers.com/atlanta
TENANT
PROPERTY ADDRESS
SIZE SF
TYPE
Louis Dreyfus Commodities
1791 Mt. Zion Rd.
515,429
Warehouse Renewal
Georgia-Pacific
250 Declaration Dr.
429,600
Warehouse Lease
Premier Specialty Products
76 Sprayberry
298,895
Manufacturing Lease
Round 2 Electronics
Majestic Airport Ctr. II
258,674
Warehouse Lease
•
South Atlanta accounted for more than half of the positive absorption in the Atlanta industrial market in third quarter. The largest move-in during the period was Lowe’s Companies which occupied its 1,337,487 square foot warehouse facility it purchased back in February.
•
The overall industrial vacancy rate in South Atlanta has dropped 2.1% since the beginning of the year. South Atlanta’s warehouse vacancy has dropped 3% during the same time.
•
The I-85 South Corridor of the submarket has been the most active leasing market in Atlanta this year. This area’s infrastructure, newer buildings and close proximity to the airport are reasons for the demand from major industrial space users.
•
The submarket will finish the year modest but still lead the Atlanta market in year-to-date absorption.
MARKET REPORT | Q3 2011 | ATLANTA INDUSTRIAL | SOUTH ATLANTA
COLLIERS INTERNATIONAL SOUTH ATLANTA INDUSTRIAL LISTINGS
512 offices in 61 countries on 6 continents
14 2 3
7
8
1 11
13
9 5 6 12
United States: 125 Canada: 38 Latin America: 18 Asia Pacific: 214 EMEA: 117 4
10
•
$1.5 billion in annual revenue
• Over 2.2 billion square feet under
management • Over 13,000 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
Chris Cummings / Sean Boswell
3
Tradeport II-4350 Intl. Pkwy.
64,000
Chris Cummings / Sean Boswell
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
3060 South Park Blvd.
411,000
Sean Boswell / Chris Cummings
Lee Cardwell
Mike Spears
9
1100 Commerce Rd.
55,000
Rick Vaughn
Chris Cummings
Rick Vaughn
10
201 King Mill Ct.
570,586
Ryan Sawyer / Mike Spears
Ben Logue
Price Weaver
11
6855 Shannon Pkwy.
517,080
Sean Boswell / Scott Plomgren
12
1035 Fred Drive
72,268
Scott Plomgren
Elizabeth McSweeney
FOR SALE #
PROPERTY
SF AVAIL.
BROKER(S)
4
80 Liberty Industrial Pkwy.
123,600
Chris Cummings / Sean Boswell
13
640 Highway 138
50,750
Lee Cardwell
14
2110 Lawrence St.
550,000
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 512 offices throughout more than 61 countries worldwide.
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