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Atlanta Real Estate Market Trends | Atlanta Industrial Q3 2021

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NortheastATL_2019

Record Year Realized For Atlanta’s Industrial Market

Key Industrial Atlanta Submarket Trends

  • Year-to-date absorption now totals +27.4 million square which surpasses Atlanta’s previous annual record.
  • At 4.4%, market vacancy declined to yet another record low level.
  • The average asking rent for Atlanta warehouse increased 3.7% from last quarter and is just a penny shy of the $5/SF mark.
  • For the first time ever, construction is above 37-million square feet.
  • Atlanta will see its greatest year of industrial occupancy gains.

Atlanta Industrial Submarket Q3 2021 Overview

As of Q3, the Atlanta industrial market has achieved a record annual amount of space absorbed. Third quarter’s +5.7 million square feet brings the year-to-date absorption total to +27.4 million square feet, surpassing 2017’s annual record of +25.2 million square feet.  Additionally, the market is seeing records broken for other metrics including vacancy, construction activity, asking rents, and investment volume. And yet, there is still three months left in the year; a quarter in which Atlanta will see its annual absorption amount top +30 million square feet. 


Q3 2021 Atl Industrial Card

Atlanta Real Estate Market Trends | Atlanta Industrial Q3 2021

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Scott Amoson

Director - Research

Atlanta

Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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