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Atlanta Real Estate Market Trends | South Atlanta Industrial Q4 2020

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SouthAtlanta_2019

South Atlanta ended the year with the highest amount of space absorbed in the Atlanta industrial market.

Key South Atlanta Industrial Submarket Trends

  • South Atlanta vacancy rate decreased in the final quarter of 2020
  • Net absorption for the South Atlanta Industrial submarket was positive this quarter
  • Construction was down for the submarket in the fourth quarter of 2020
  • Rental rates increased during the fourth quarter of 2020

South Atlanta Industrial Submarket Q4 2020 Overview

South Atlanta ended the year with the highest amount of space absorbed in the Atlanta industrial market. Just over 9 million square feet of occupancy gains occurred.

Twenty-percent of the annual absorption in the submarket was from Amazon. While the tech giant and e-commerce tenants, in general, were active all year, South Atlanta saw strong growth from transportation and logistics companies also as they moved into over 3 million square feet in 2020.

With positive gains, South Atlanta’s industrial vacancy rate is down to its lowest level in two years. Specifically, the Airport/I-85 South corridor experienced the largest drop year-over-year, declining 130 basis points (1.3%).

The pipeline of occupancies remains strong for the submarket heading into the new year. South Atlanta is expected to maintain a dominant position in the market in 2021. Additional, steady development activity will continue to satisfy space demand here.

 

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Atlanta Real Estate Market Trends | South Atlanta Industrial Q4 2020

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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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