NEW SUPPLY, ABSORPTION AND VACANCY RATES

SUBMARKET REPORTATLANTA

www.colliers.com/atlanta

MARKET INDICATORS

Q3 2011 | SOUTH ATLANTA

South

Atlanta

TRENDS & HIGHLIGHTS

10%

11%

12%

13%

14%

15%

16%

17%

18%

(500,000)

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3Q10 4Q10 1Q11 2Q11 3Q11

Absorption Deliveries Vacancy

Total SF 144,739,029

Vacancy Rate 14.6%

YTD Net Absorption 4,538,602

YTD Deliveries 1,620,006

Under Construction 0

Avg. Warehouse Rate $2.83 NNN

UPDATE Recent Transactions in the Market

SALES ACTIVITY

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 Telecycle140 Amlajack Way $2,450,000 54,212 $45.19 Pearson Engineering

LEASING ACTIVITY

TENANT PROPERTY ADDRESS SIZE SF TYPE

Louis Dreyfus Commodities 1791 Mt. Zion Rd. 515,429 Warehouse Renewal

Georgia-Pacifi c 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 fi nish the year modest but still lead the Atlanta market in year-to-date absorption.

Squa

re F

eet

Source: CoStar Property, Colliers Research

Q3 2011Projected

Q4 2011

VACANCY —

NET ABSORPTION

CONSTRUCTION —

RENTAL RATE —

UNITED STATES:

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COLLIERS INTERNATIONAL

ATLANTA INDUSTRIAL SPECIALISTS:

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 512 offi ces throughout more than 61 countries worldwide.

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COLLIERS INTERNATIONAL SOUTH ATLANTA INDUSTRIAL LISTINGS

FOR LEASE

# 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

4 80 Liberty Industrial Pkwy. 123,600 Chris Cummings / Sean Boswell

5 Atlanta Southern Bus. Park I 68,250-273,000 Douglas Biggs

6 7625 Southlake Pkwy. 124,000 Douglas Biggs

7 Welcome All Industrial Park 30,000-945,380 Marty Arnold

8 3060 South Park Blvd. 411,000 Sean Boswell / Chris Cummings

9 1100 Commerce Rd. 55,000 Rick Vaughn

10 201 King Mill Ct. 570,586 Ryan Sawyer / Mike Spears

11 6855 Shannon Pkwy. 517,080 Sean Boswell / Scott Plomgren

12 1035 Fred Drive 72,268 Scott Plomgren

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

1

23

4

5 6

7 8

9

10

11

12

14

13

Marty Arnold Elizabeth McSweeney

Douglas Biggs Scott Plomgren

Sean Boswell Henry Sawyer

Bill Buist Ryan Sawyer

Lee Cardwell Mike Spears

Chris Cummings Rick Vaughn

Ben Logue Price Weaver

512 offi ces in 61 countries on 6 continentsUnited States: 125Canada: 38Latin America: 18Asia Pacifi c: 214EMEA: 117

• $1.5 billion in annual revenue

• Over 2.2 billion square feet under management

• Over 13,000 professionals

MARKET REPORT | Q3 2011 | ATLANTA INDUSTRIAL | SOUTH ATLANTA