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Atlanta Real Estate Market Trends | South Atlanta Industrial Q2 2021

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SouthAtlanta_2019

Occupancy gains remain high for South Atlanta

Key South Atlanta Industrial Submarket Trends

  • Following last quarter’s leading absorption total, South Atlanta experienced over 1-million square feet yet again in Q2.
  • Vacancy ticked down another 30 basis points (0.3%) to another record low at 6.7%.
  • Industrial deliveries totaled 1.1 million square feet this quarter; the lowest quarterly amount for the submarket since 2018.
  • South Atlanta continues to see strong leasing demand, and will see record annual occupancy gains in 2021.

South Atlanta Industrial Submarket Q2 2021 Overview

After leading the Atlanta market in net absorption last quarter, the South Atlanta industrial submarket saw the positive activity continue in the second quarter with occupancy gains totaling just over 1.7 million square feet. Most of the move-in activity in the quarter came from tenants below 500,000 square feet. With positive absorption totaling more than the amount of new industrial space delivered, the submarket’s overall vacancy rate declined to another record low. Rental rates also continue to increase and this has led to record prices paid for industrial product here. South Atlanta will see its strongest year ever in 2021.


2021Q2SIndustrial

Atlanta Real Estate Market Trends | South Atlanta Industrial Q2 2021

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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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