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Atlanta Real Estate Market Trends | South Atlanta Industrial Q3 2021

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Industrial absorption tops 11 million sq. ft. for year in South Atlanta

Key South Atlanta Industrial Submarket Trends

  • Another 1.9-million square feet of industrial space was absorbed in South Atlanta this quarter.
  • Given the positive gains, year-over-year vacancy has declined 2.6% to the lowest point in more than 20 years.
  • Construction remains highest in South Atlanta. The I-85 South/Airport subarea is seeing the most activity.
  • With expected absorption of +2-million square feet in Q4, South Atlanta will be the strongest submarket in Atlanta this year.

South Atlanta Industrial Submarket Q3 2021 Overview

South Atlanta experienced its sixth consecutive quarter of positive absorption in Q3 bringing the year-to-date total to just over 11.1-million square feet. Almost three-quarters of the occupancy gains this quarter came from retail and consumer staples companies. Additionally, most of the tenant occupancies were between 100,000 to 400,000 square feet showing continued strength in the smaller industrial users. With demand remaining strong, developers continue to respond with an additional 2.5-million square feet breaking ground in Q3. South Atlanta remains the strongest in Atlanta and will see a record year in 2021.

Q3 industrial report2

Atlanta Real Estate Market Trends | South Atlanta Industrial Q3 2021

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Harrison Marsteller

Senior Vice President, Principal


Over the past 8 years, Harrison Marsteller has become an integral part of the Colliers Industrial Agency team where he currently oversees a 6.5M SF portfolio of industrial assets, developments and build-to-suit opportunities. Through his experience, Harrison aligns his clients’ needs with a strategic approach and unparalleled market knowledge that allows them to maximize the value of their real estate portfolio. He has served as a single point of contact to a variety of institutional owners including private and public REITs, pension funds, insurance companies and developers. 

In addition to his experience on the agency side, Harrison focuses on site selection, identifying development opportunities for both owners and users as they look to expand their footprint in the Atlanta MSA. His experience in all phases of the building cycle provides his clients with a unique perspective and helps them to identify opportunities regardless of the market conditions.

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