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Atlanta Real Estate Market Trends | South Atlanta Industrial Q2 2020

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SouthAtlanta_2019

After seeing negative quarterly absorption for the first time in 4.5 years, South Atlanta returned to positive levels in Q2 with occupancy gains totaling just under 850,000 square feet.

Key Takeaways

  • Logistics companies helped fuel the positive activity this quarter. SBS Transportation, HWC Logistics and FedEx were among the largest occupancies in Q2.
  • Overall vacancy increased slightly for the submarket, but this is due to deliveries outpacing absorption levels. Just over 1.2 million square feet of speculative product was added in Q2.
  • Leasing activity in South Atlanta has been on fire this quarter thanks to strong demand from Amazon and also consumer durable companies such as Ferrero USA.
  • South Atlanta is anticipated to finish the year strong as Amazon begins to take occupancy of its 2.5 million square feet it has recently leased in the submarket.

2Q20_IND_SAtlanta

Atlanta Real Estate Market Trends | South Atlanta Industrial Q2 2020

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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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