NEW SUPPLY, ABSORPTION AND VACANCY RATES
SUBMARKET REPORTATLANTA
www.colliers.com/atlanta
MARKET INDICATORS
Q1 2011 | I-20W/FULTON INDUSTRIAL
I-20
West/
Fulton Ind
TRENDS & HIGHLIGHTS
(1,000,000)
(500,000)
0
500,000
1,000,000
1,500,000
1Q10 2Q10 3Q10 4Q10 1Q11
8%
10%
12%
14%
16%
18%
Absorption Deliveries Vacancy
Total SF 90,804,983
Vacancy Rate 15.4%
YTD Net Absorption (478,578)
YTD Deliveries 0
Under Construction 0
Avg. Warehouse Rate $2.98 NNN
UPDATE Recent Transactions in the Market
SALES ACTIVITY
PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER
Thornton Rd. Distr. Ctr. $22,000,000 476,086 $46.21 Colony Realty Partners3710 Atlanta Ind. Pkwy. $12,500,000 446,664 $27.99 Industrial Income Trust1500,1575 Distribution Ct. $7,475,000 321,103 $23.28 KTR Capital Partners605 Selig Dr. $6,000,000 657,709 $9.12 M.F. DiScala & Co.
LEASING ACTIVITY
TENANT PROPERTY ADDRESS SIZE SF TYPE
Scott Distribution 4175 Boulder Ridge Dr. 142,352 Warehouse Lease
Invacare 4350-4360 Boulder Ridge 91,418 Warehouse Renewaol
VFU 5480 FIB/5800 Westpark 79,540 Warehouse Lease
Havell’s Lighting 125 A/B Villanova Dr. 74,727 Distribution Lease
• Following a previous quarter of strong absorption, the I-20 West/Fulton Industrial submarket fi nished the fi rst quarter of 2011 with the highest amount of space given back by tenants in Atlanta. Absorption in the submarket was (478,578) SF for the period. NIBCO, National Powersport Auction and Bonded Service were the largest move-outs in the quarter.
• The negative activity raised the overall vacancy rate in I-20 West/Fulton Industrial to 15.4%. This is equal to the rate from this time last year, meaning the current amount of vacant space in the submarket is the same as it was back in fi rst quarter 2010.
• Going forward, activity is expected to be balanced in the submarket. This does nothing for the space available in the submarket, though it at least shows some leasing activity occurring in the area.
Squa
re F
eet
Q1 2011Projected
Q2 2011
VACANCY —
NET ABSORPTION
CONSTRUCTION — —
RENTAL RATE — —
Source: CoStar Property, Colliers Research
UNITED STATES:
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COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS
FOR LEASE
# PROPERTY SF AVAIL. BROKER(S)
1 120 Interstate West Pkwy. 14,400 Sean Boswell / Chris Cummings
2 4300 Westpark Dr. 216,074 Douglas Biggs / Lee Cardwell
3 780 Douglas Hill Rd. 107,000 Sean Boswell / Lee Cardwell
4 6255 Fulton Industrial Blvd. 120,960 Lee Cardwell / Douglas Biggs
5 6215 Fulton Industrial Blvd. 49,960 Scott Plomgren
6 5400 Fulton Industrial Blvd. 448,448 Scott Plomgren
7 6355 Boat Roack Blvd. 296,290 Scott Plomgren
8 5000 Westpark Dr. 32,784 Scott Plomgren
9 4530 Patton Dr. 168,000 Scott Plomgren
10 100 Doris Williams Industrial 90,000 Chirs Cummings / Sean Boswell
FOR SALE
# PROPERTY SF AVAIL. BROKER(S)
7 6355 Boat Roack Blvd. 296,290 Scott Plomgren
11 3376 Highway 5 14,725 Douglas Biggs / Price Weaver
12 4795 Fulton Industrial Blvd. 100,048 Sean Boswell / Chris Cummings
13 5020 Bakers Ferry Rd. 45,089 Scott Plomgren
HamiltonE. Holmes
Butner Rd
Campbellton Rd
Fulton In
dustrial B
lvd
Cascade Rd
Ben Hill RdFairb
urn
Rd Lakewood
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
Enon Rd
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 Dr
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
Greenbriar Pkwy
Cam
p Creek
Fai rb
urn
Rd
Pkwy
Hwy
GreenbriarMall
SouthwestHospital
Six FlagsOver Georgia
ATLANTACHRISTIANCOLLEGE
Fulton CountyAirport -Brown Field
CascadedecccadCaCa deaHeightsHe ghtstsHHeeHeHeH tsHee
Ben Hill
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
45
6
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
7
8
9
10
11
12
13
MARKET REPORT | Q1 2011 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL