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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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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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