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Atlanta Real Estate Market Trends | South Atlanta Industrial Q3 2021

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SouthAtlanta_2019

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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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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