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South Atlanta Leads Atlanta Industrial Market Yet Again in Quarterly Absorption During Q3

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SouthAtlanta_2019

Leading the Atlanta market in quarterly absorption, South Atlanta saw almost 3.5 million square feet filled in the third quarter of 2019.

Key Takeaways

  • South Atlanta led the Atlanta industrial market yet again in quarterly space absorbed. The submarket saw almost 3.5 million square feet filled in Q3. The Airport/85 South area accounted for most of the positive activity.
  • The largest occupancy in the third quarter was PVH Corp. moving into 982,777 square feet at 8500 Tatum Road. Elsewhere, South Atlanta witnessed a number of mid-sized tenants between 200,000 to 400,000 square feet taking occupancy this quarter.
  • The overall rental rate in South Atlanta remained level this quarter, despite having the highest absorption levels in the market. The submarket continues to see new product deliver; however, it is most exposed to large vacancies.
  • South Atlanta will finish the year strong, though new supply concerns are beginning to creep into the market. The majority of availabilities over one million square feet are located here; eight existing and six under construction.

3Q19_SAtlanta

South Atlanta Leads Atlanta Industrial Market Yet Again in Quarterly Absorption During Q3

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Related Experts

Harrison Marsteller

Senior Vice President, Principal

Atlanta

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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Scott Plomgren

Senior Vice President, Principal

Atlanta

 Scott began his real estate career in 2002 with McWhirter Realty Partners, a local Atlanta brokerage firm. Scott has experience partnering with both local and national clients.  Transaction history includes build to suits, site selection, & acquisitions and dispositions on both lease and sale basis. Noteworthy clients include MOL Logistics, MS International, Excel Foods, Wickmann USA, General Paper Goods and Audio America.

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