NEW SUPPLY, ABSORPTION AND VACANCY RATES
SUBMARKET REPORTATLANTA
www.colliers.com/atlanta
MARKET INDICATORS
Q1 2012 | I-20W/FULTON INDUSTRIAL
I-20
West/
Fulton Ind
TRENDS & HIGHLIGHTS
8%9%10%11%12%13%14%15%16%17%
(300,000)(200,000)(100,000)
0100,000200,000300,000400,000500,000600,000
1Q11 2Q11 3Q11 4Q11 1Q12
Absorption Deliveries Vacancy
Total SF 90,981,645
Vacancy Rate 14.6%
YTD Net Absorption 253,432
YTD Deliveries 0
Under Construction 0
Avg. Warehouse Rate $2.92 NNN
UPDATE Recent Transactions in the Market
SALES ACTIVITY
PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER
747 Douglas Hill Rd. $40,000,000 913,000 $43.81 LaSalle Investment Mgmt4785 Fulton Industrial Blvd. $5,125,000 342,400 $14.97 Waste Pro USA800 Wharton Dr. $1,371,316 59,878 $22.90 Duff y Box & Recycling345 Patton Dr. $1,250,000 69,126 $18.08 M&F Business Corp.
LEASING ACTIVITY
TENANT PROPERTY ADDRESS SIZE SF TYPE
New Breed Logistics 5400 Fulton Industrial Blvd. 448,448 Warehouse Lease
Allied Aerofoam 605 Selig Dr. 170,000 Warehouse Lease
Victory Packaging 6047 Fulton Industrial Blvd. 128,000 Distribution Lease
EXPOPLUS Inc. 1055 Research Ctr. Atl. Dr. 65,280 Distribution Renewal
• The I-20 West/Fulton Industrial submarket continues to show improvement in fi lling vacant space. First quarter absorption totaled just under 250,000 square feet which resulted in the overall vacancy rate for the submarket dropping for the third consecutive quarter.
• Despite a plethora of obsolete industrial space, demand in I-20 West/Fulton Industrial is maintaining a steady course; mostly from smaller space users. The submarket’s location is ideal to companies seeking close proximity to rail, interstate and airport access.
• Construction should begin on IDI’s 650,000 square foot spec industrial building soon. This will be the largest spec industrial building since 2008. Given the updated features off ered by the new building, it will be a matter of time before it is 100% leased.
Squa
re F
eet
Q1 2012Projected
Q2 2012
VACANCY
NET ABSORPTION
CONSTRUCTION —
RENTAL RATE
Source: CoStar Property, Colliers Research
UNITED STATES:
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ATLANTA INDUSTRIAL SPECIALISTS:
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COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS
FOR SALE
# PROPERTY SF AVAIL. BROKER(S)
6 6355 Boat Roack Blvd. 296,290 Scott Plomgren
9 100 Doris Williams Industrial 90,000 Chris Cummings / Sean Boswell
10 5125 Fulton Industrial Blvd. 149,386 Chris Cummings / Sean Boswell
HamiltonE. Holmes
strial B
lvd
Cascade Rd
Frwy
CampbelltonRd
Cam
p C
reek
Pkw
y
New Hope Rd
Melvin Dr
Chi
ldre
ss D
r
Panther Trail
Kim
berly
Rd
Danforth Rd
Riverside
Dr
Fulton In
dustrial B
lvd
Boulder Park Dr
Benjamin E Mays Dr
S Gordon Rd
Old Alabama Rd
Mableton Pkwy
Pisgah RdOld Alabama Rd
Fontaine RdClay Rd
Jam
es R
d
Bankhead Hwy
Queen
s Mill
Rd
Bankhead
Oakdale Rd
Summerfield DrJam
es JacksonPkw
y
Hillcrest Dr
Bolto
n Rd
B
Hollyw
ood Rd
Cascade Rd
RiversidePkwy
Boat Rock Blvd
La G
rang
e B
lvd
Andrews Dr
MLK
Jr D
Rivers
ide
PkwyFac
toryShoals Rd
Douglas Hill Rd
White Rd
Six Flags Rd
Six Flags DriveBlair Bridge
Rd
S Gordon Rd
Six FlagsRd
Fairb
urn
Rd
Collier Dr
Bakers FerryRd
JohnsonFerry Rd
Peyt
on Rd
Northwest
Dr
Cooper L
ake
Rd
Rock House Rd
Cam
p Creek
Fai rb
urn
Rd
Pkwy
Hwy
SouthwestHospital
Six FlagsOver Georgia
Fulton CountyAirport -Brown Field
CascadedecccadCaCa deaHeightsHe ghtstsHHeeHeHeH tsHee
Chattah
oochee
River
CascadeSprgs NaturePreserve
SandtownPark
MelvinDrivePark
TrammellCrow Park
NickajackPark
WilsonMill Park
Alfred TopHolmes Golf
Course
WallacePark
Park
WhittierMill Park
FULTONCOUNTY
DOUGLASCOUNTY
1
2
3
4
5
6
7
8
9
10
11
12
13
FOR LEASE
# PROPERTY SF AVAIL. BROKER(S)
1 120 Interstate West Pkwy. 14,400 Sean Boswell / Chris Cummings
2 780 Douglas Hill Rd. 107,000-215,025 Sean Boswell / Lee Cardwell
3 9000 Riverside Pkwy. 259,954-542,491 Scott Plomgren / Price Weaver / Sean Boswell
4 6215 Fulton Industrial Blvd. 15,824 Scott Plomgren
5 7705 Staples Dr. 585,000 Sean Boswell / Scott Plomgren
6 6355 Boat Rock Blvd. 296,260 Scott Plomgren
7 5000 Westpark Dr. 32,784 Scott Plomgren
8 4530 Patton Dr. 16,000-26,000 Scott Plomgren
9 100 Doris Williams Industrial 90,000 Chris Cummings / Sean Boswell
10 5125 Fulton Industrial Blvd. 149,386 Chris Cummings / Sean Boswell
11 6070 Fulton Industrial Blvd. 227,600 Scott Plomgren / Price Weaver / Sean Boswell
12 777 Douglas Hill Rd. 217,603 Scott Plomgren / Price Weaver / Sean Boswell
13 5320 Fulton Industrial Blvd. 30,135 Scott Plomgren / Price Weaver / Sean Boswell
14 6150 Lagrange Blvd. 70,501 Scott Plomgren / Price Weaver / Sean Boswell
15 757-767 Douglas Hill Rd. 295,768-342,217 Scott Plomgren / Price Weaver / Sean Boswell
14
15
Marty Arnold Scott Plomgren
Douglas Biggs Darren Ross
Sean Boswell Henry Sawyer
Bill Buist Ryan Sawyer
Lee Cardwell Mike Spears
Chris Cummings Rick Vaughn
Ben Logue Price Weaver
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 fi rm of Colliers International Property Consultants, an affi liation of independent companies with over 520 offi ces throughout 62 countries worldwide.
522 offi ces in 62 countries on 6 continentsUnited States: 147Canada: 37Latin America: 19Asia Pacifi c: 201EMEA: 118
• $1.8 billion in annual revenue
• Over 2.5 billion square feet under management
• Over 12,000 professionals
MARKET REPORT | Q1 2012 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL
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