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Q3 2011 | SOUTH ATLANTA

ATLANTA

SUBMARKET REPORT

TRENDS & HIGHLIGHTS NEW SUPPLY, ABSORPTION AND VACANCY RATES 18%

2,500,000

16% 1,500,000

Square Feet

Vacancy Rate

14.6%

17%

2,000,000

YTD Net Absorption

4,538,602

YTD Deliveries

1,620,006

15% 14%

1,000,000

13%

500,000

12% 0 (500,000)

144,739,029

Total SF

3Q10

4Q10

Absorption

1Q11

2Q11

Deliveries

3Q11

11% 10%

0

Under Construction Avg. Warehouse Rate

$2.83 NNN

Vacancy

Source: CoStar Property, Colliers Research

MARKET INDICATORS Projected

Q3 2011

UPDATE Recent Transactions in the Market

Q4 2011

SALES ACTIVITY

VACANCY NET ABSORPTION

CONSTRUCTION RENTAL RATE

PROPERTY ADDRESS

SALE PRICE

SIZE SF

PRICE / SF

BUYER

5290 Old Dixie Hwy.

$9,275,000

226,239

$41

High Street Equity Adv.

700 Dividend Dr.

$3,600,000

50,400

$71.43

IPN USA Corp.

4849 Massachusetts Blvd.

$2,689,000

148,850

$18.07

Telecycle

140 Amlajack Way

$2,450,000

54,212

$45.19

Pearson Engineering

South Atlanta

LEASING ACTIVITY

www.colliers.com/atlanta

TENANT

PROPERTY ADDRESS

SIZE SF

TYPE

Louis Dreyfus Commodities

1791 Mt. Zion Rd.

515,429

Warehouse Renewal

Georgia-Pacific

250 Declaration Dr.

429,600

Warehouse Lease

Premier Specialty Products

76 Sprayberry

298,895

Manufacturing Lease

Round 2 Electronics

Majestic Airport Ctr. II

258,674

Warehouse Lease

South Atlanta accounted for more than half of the positive absorption in the Atlanta industrial market in third quarter. The largest move-in during the period was Lowe’s Companies which occupied its 1,337,487 square foot warehouse facility it purchased back in February.

The overall industrial vacancy rate in South Atlanta has dropped 2.1% since the beginning of the year. South Atlanta’s warehouse vacancy has dropped 3% during the same time.

The I-85 South Corridor of the submarket has been the most active leasing market in Atlanta this year. This area’s infrastructure, newer buildings and close proximity to the airport are reasons for the demand from major industrial space users.

The submarket will finish the year modest but still lead the Atlanta market in year-to-date absorption.


MARKET REPORT | Q3 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 11

13

9 5 6 12

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

6855 Shannon Pkwy.

517,080

Sean Boswell / Scott Plomgren

12

1035 Fred Drive

72,268

Scott Plomgren

Elizabeth McSweeney

FOR SALE #

PROPERTY

SF AVAIL.

BROKER(S)

4

80 Liberty Industrial Pkwy.

123,600

Chris Cummings / Sean Boswell

13

640 Highway 138

50,750

Lee Cardwell

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

3Q 2011 | Atlanta South Industrial | Market Report  

Colliers International market report for South Atlanta submarket

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