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Delivery of Southern Gateway B Contributes to Slight Uptick in South Atlanta Industrial Vacancy

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The delivery of Southern Gateway B, a 1.1 million square-foot distribution center, contributed to the South Atlanta industrial submarket's slight uptick in vacancy in the second quarter of 2019.

Key Takeaways

  • Industrial absorption was steadily positive in South Atlanta in Q2 bringing the year-to-date total to just under 1.6 million square feet.
  • Move-in activity from tenants under 300,000 square feet were the most active in the submarket this quarter. Additionally, the largest leasing transactions were mostly in the mid-sized range between 200,000-500,000 square feet.
  • Only two major buildings delivered in South Atlanta this quarter, with the largest being the speculative Southern Gateway B building. The 1.1 million square-foot distribution center contributed to the submarket's slight uptick in vacnacy in Q2.
  • The submarket's average industrial rental rate decreased for the first time in over two years. This is most likely due tot he substantial increase in available space here; the highest amount since 2011.
  • The remainder of the year appears to be fairly strong for South Atlanta as a number of large occupancies are set to occur.



Delivery of Southern Gateway B Contributes to Slight Uptick in South Atlanta Industrial Vacancy

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Harrison Marsteller

Senior Vice President, Principal


Harrison Marsteller began his career at Colliers International in Atlanta soon after graduating from University of Alabama with a BBA majoring in Finance and economics. Harrison joined the team of Sean Boswell, Darren Ross and Scott Plomgren, a team of industrial professionals with over 35 years of experience and 90,000,000 SF transacted. 

Harrison’s area of interest and expertise is primarily the Atlanta industrial market, particularly the I-20 West and Northeast Atlanta submarkets.  Harrison provides his clients with site selection, market research, financial analysis, and transactional services including leasing and purchasing new space and subleasing or selling excess space.

Harrison’s focus and dedication to meeting his clients’ needs provides him the ability to deliver outstanding service to both landlords and tenants.



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