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South Atlanta Industrial activity showing no signs of slowing

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SouthAtlanta_2019

South Atlanta activity appears to show no signs of slowing. Demand remains steady here, as does construction.

Key Takeaways

  • The South Atlanta industrial submarket dominated the year, leading the market with 6.8 million square feet of positive space absorption.
  • Warehouse vacancy increased 50 basis points (0.5%) from last quarter, and is up almost 100 basis points (1.0%) year-over-year. The majority of the vacant space added in 2019 occurred in the I-85 South/Airport section of the submarket which saw just under 6 million square feet of warehouse space delivered. 
  • Three of the top five largest industrial leases of the year took place in South Atlanta. The largest of these were 1-million-plus square-foot transactions by Goodyear and XPO Logistics, completed in Q4. 
  • South Atlanta activity appears to show no signs of slowing. Demand remains steady here, as does construction. The submarket is expected to lead yet again in the coming year as deliveries are anticipated to top 8 million square feet, and net absorption levels are projected to reach upwards of 5 million square feet.

4Q19_IND_SAtlanta

South Atlanta Industrial activity showing no signs of slowing

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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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