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Atlanta Real Estate Market Trends | South Atlanta Industrial Q4 2021

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Real Estate Market Trends South Atlanta

South Atlanta powers record year for Atlanta Industrial.

Key South Atlanta Industrial Real Estate Market Trends

  • South Atlanta fi nished the year with record annual net absorption totaling 19.7-million square feet.
  • Overall vacancy in the submarket is at an all-time low of 3.4%.
  • Deliveries totaled 8.4-million square feet this year. Another 13.1-million square feet remains under construction.
  • Much of the same dynamics shaping the record year for South Atlanta is anticipated in the coming year. The submarket is likely to see vacancy rise though as new product delivers.

South Atlanta Industrial Submarket Q4 2021 Overview

The South Atlanta industrial market was the top performing submarket in Atlanta this year, absorbing just under half of the total amount of industrial space over the past twelve months. The 19.7-million square feet absorbed here marks a new record for the submarket. The gains throughout the year, most coming from e-commerce-related and transportation & logistics companies, led to an astounding 550 basis points (5.5%) decline in the submarket’s overall vacancy rate. The record low vacancy is not likely to last long, however, as just over 13.1-million square feet is under construction and much of this is anticipated to deliver in 2022.


Real Estate Market Trends South Atlanta

Atlanta Real Estate Market Trends | South Atlanta Industrial Q4 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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