4Q 2011 | South Atlanta Industrial | Market Report

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Q4 2011 | SOUTH ATLANTA

ATLANTA

SUBMARKET REPORT

TRENDS & HIGHLIGHTS

144,574,375

NEW SUPPLY, ABSORPTION AND VACANCY RATES

Total SF

2,500,000

Vacancy Rate

18%

16%

Square Feet

14.6%

17%

2,000,000 1,500,000

YTD Net Absorption

5,142,105

YTD Deliveries

1,620,006

15%

1,000,000

14% 13%

500,000

12% 0 4Q10

1Q11

2Q11

3Q11

4Q11

10%

(500,000) Absorption

Deliveries

0

Under Construction

11%

Avg. Warehouse Rate

$2.95 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

1793 Highway 42

$28,270,000

796,450

$35.50

IDI

2500 Southpoint Dr.

$13,625,000

297,720

$45.76

Industrial Income Trust

1500 Southpoint Dr.

$12,500,000

218,875

$57.11

Industrial Income Trust

5290 Old Dixie Hwy.

$9,275,000

226,239

$41.00

High Street Equity Adv.

South Atlanta

LEASING ACTIVITY

www.colliers.com/atlanta

TENANT

PROPERTY ADDRESS

SIZE SF

TYPE

Owens Corning

8095 McLarin Rd.

1,044,288

Warehouse Lease

Georgia-Pacific

490 Westridge Pkwy.

900,640

Build-To-Suit

Pratt Industries

3760 Southside Ind. Pkwy.

187,134

Warehouse Lease

Jacobson Warehouse

3060 South Park Blvd.

168,000

Warehouse Expansion

South Atlanta led all Atlanta industrial submarkets in both absorption and leasing activity for 2011. Industrial absorption topped 5.1 million square feet for the year, while leasing activity reached almost 10 million square feet.

The submarket’s industrial vacancy rate has dropped significantly over the past twelve months. Since its peak high at 17.2%, overall vacancy in South Atlanta has dropped 2.6%.

One of the factors helping South Atlanta see positive results is the amount of consistent demand in the submarket, all while new supply remains on hold. This is about to change, however, heading into 2012. Some developers are beginning to market spec construction projects in the area.

Though not yet a trend, South Atlanta is beginning to see some industrial rental rate growth.


MARKET REPORT | Q4 2011 | ATLANTA INDUSTRIAL | SOUTH ATLANTA

COLLIERS INTERNATIONAL SOUTH ATLANTA INDUSTRIAL LISTINGS

512 offices in 61 countries on 6 continents

13 2 3

7

8

1 11 10

9 5 6 12

United States: 125 Canada: 38 Latin America: 18 Asia Pacific: 214 EMEA: 117 •

4

$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.

140,400

Chris Cummings / Sean Boswell

3

Tradeport II-4350 Intl. Pkwy.

26,400

Chris Cummings / Sean Boswell

COLLIERS INTERNATIONAL ATLANTA INDUSTRIAL SPECIALISTS:

4

80 Liberty Industrial Pkwy.

38,493

Chris Cummings / Sean Boswell

Marty Arnold

5

Atlanta Southern Bus. Park I

68,250-273,000

Douglas Biggs

Douglas Biggs

Darren Ross

6

7625 Southlake Pkwy.

124,000

Douglas Biggs

Jill Bomar

Henry Sawyer

7

Welcome All Industrial Park

30,000-945,380

Marty Arnold

Sean Boswell

Ryan Sawyer

8

3060 South Park Blvd.

243,000

Sean Boswell / Chris Cummings

Bill Buist

Mike Spears

9

1100 Commerce Rd.

55,000

Rick Vaughn

Lee Cardwell

Rick Vaughn

10

7400 Graham Rd.

10,000

Price Weaver

Chris Cummings

Price Weaver

11

6855 Shannon Pkwy.

517,080

Sean Boswell / Scott Plomgren

Ben Logue

12

1035 Fred Drive

72,268

Scott Plomgren

Scott Plomgren

FOR SALE #

PROPERTY

SF AVAIL.

BROKER(S)

4

80 Liberty Industrial Pkwy.

123,600

Chris Cummings / Sean Boswell

13

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.

Accelerating success.

www.colliers.com/atlanta


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