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Q2 2011 | SOUTH ATLANTA

ATLANTA

SUBMARKET REPORT

TRENDS & HIGHLIGHTS

143,455,277

Total SF

2,500,000

16%

Vacancy Rate

2,000,000

15%

Square Feet

NEW SUPPLY, ABSORPTION AND VACANCY RATES

1,500,000

14%

1,000,000 13% 500,000 12%

0 (500,000)

2Q10

3Q10

4Q10

1Q11

2Q11

(1,000,000) Deliveries

YTD Net Absorption

1,713,227

YTD Deliveries

1,150,000 409,006

Under Construction

11% 10%

Absorption

15.2%

Avg. Warehouse Rate

$2.82 NNN

Source: CoStar Property, Colliers Research

Vacancy

MARKET INDICATORS Projected

Q2 2011

UPDATE Recent Transactions in the Market

Q3 2011

SALES ACTIVITY VACANCY NET ABSORPTION CONSTRUCTION

RENTAL RATE

PROPERTY ADDRESS

SALE PRICE

SIZE SF

PRICE / SF

BUYER

8400 Tatum Rd.

$12,750,000

1,337,487

$9.53

Lowe’s Home Centers

3025 Sylvan Rd.

$4,052,841

415,676

$9.75

Parking Co. of America

3430 Empire Blvd.

$2,695,000

38,833

$69.40

ARKA Properties Group

4849 Massachusetts Blvd.

$2,689,000

148,850

$18.07

Telecycle

South Atlanta

LEASING ACTIVITY

www.colliers.com/atlanta

TENANT

PROPERTY ADDRESS

SIZE SF

TYPE

Home Depot

335 Greenwood Pl.-100

1,245,868

Warehouse Renewal

Ceva Logistics

3201 Center Pkwy.

404,700

Warehouse Lease

Home Depot

180 Westridge Pkwy.

363,286

Warehouse Lease

LifeScience Logistics

Majestic Airport Ctr. II

255,000

Warehouse Lease

Despite the negative second quarter, South Atlanta still leads the entire Atlanta industrial market with space absorption for the year. Second quarter’s negative activity was expected due to Clorox moving out of 3201 Center Pkwy. The good news is Ceva Logistics signed a lease to backfill the majority of this space by the end of the year.

South Atlanta’s average rental rate is holding steady. Still, the amount is the lowest it has been in six years. Rents will continue to stabilize and even possibly go up by year’s end due to the increased demand for space in the submarket.

The South Atlanta market will finish 2011 with its highest occupancy gain in four years. Lowe’s Home Stores, SANY America and Home Depot are expected to move into large spaces in the second half.


MARKET REPORT | Q2 2011 | ATLANTA INDUSTRIAL | SOUTH ATLANTA

COLLIERS INTERNATIONAL SOUTH ATLANTA INDUSTRIAL LISTINGS

512 offices in 61 countries on 6 continents

14 2 3

7

8

1

12

9 5 6 13

11

United States: 125 Canada: 38 Latin America: 18 Asia Pacific: 214 EMEA: 117 4

10

$1.5 billion in annual revenue

• Over 2.2 billion square feet under

management • Over 13,000 professionals

UNITED STATES:

FOR LEASE

Colliers International Two Midtown Plaza | Suite 1100 1349 West Peachtree Street, NE Atlanta, Georgia, 30309 TEL +1 404 888 9000 FAX +1 404 870 2845

#

PROPERTY

SF AVAIL.

BROKER(S)

1

4280 Stacks Rd.

64,030

Chris Cummings / Sean Boswell

2

Tradeport I-4380 Intl. Pkwy.

242,000

Chris Cummings / Sean Boswell

3

Tradeport II-4350 Intl. Pkwy.

64,000

Chris Cummings / Sean Boswell

COLLIERS INTERNATIONAL ATLANTA INDUSTRIAL SPECIALISTS:

4

80 Liberty Industrial Pkwy.

123,600

Chris Cummings / Sean Boswell

Marty Arnold

5

Atlanta Southern Bus. Park I

68,250-273,000

Douglas Biggs

Douglas Biggs

Scott Plomgren

6

7625 Southlake Pkwy.

124,000

Douglas Biggs

Sean Boswell

Henry Sawyer

7

Welcome All Industrial Park

30,000-945,380

Marty Arnold

Bill Buist

Ryan Sawyer

8

3060 South Park Blvd.

411,000

Sean Boswell / Chris Cummings

Lee Cardwell

Mike Spears

9

1100 Commerce Rd.

55,000

Rick Vaughn

Chris Cummings

Rick Vaughn

10

201 King Mill Ct.

570,586

Ryan Sawyer / Mike Spears

Ben Logue

Price Weaver

11

140 Amlajack Way

54,212

Rick Vaughn

Elizabeth McSweeney

FOR SALE #

PROPERTY

SF AVAIL.

BROKER(S)

4

80 Liberty Industrial Pkwy.

123,600

Chris Cummings / Sean Boswell

11

140 Amlajack Way

54,212

Rick Vaughn

12

640 Highway 138

50,750

Lee Cardwell

13

1157 Battlecreek Rd.

235,104

Chris Cummings / Sean Boswell

14

2110 Lawrence St.

550,000

Scott Plomgren

This market report is a research document of Colliers International. Information herein has been deemed reliable and no representation is made as to the accuracy thereof. Colliers International-Atlanta, Inc., and certain of its subsidiaries, is an independently owned and operated business and a member firm of Colliers International Property Consultants, an affiliation of independent companies with over 512 offices throughout more than 61 countries worldwide.

Accelerating success.

www.colliers.com/atlanta

2Q 2011 | Atlanta South Industrial | Market Report  

Colliers International market report for South Atlanta submarket

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