NEW SUPPLY, ABSORPTION AND VACANCY RATES
SUBMARKET REPORTATLANTA
www.colliers.com/atlanta
MARKET INDICATORS
Q32010
NEXTQTR
VACANCY —
NET ABSORPTION
CONSTRUCTION — —
RENTAL RATE —
Q3 2010 | I-20W/FULTON INDUSTRIAL
I-20
West/
Fulton Ind
TRENDS & HIGHLIGHTS
(600,000)
(500,000)
(400,000)
(300,000)
(200,000)
(100,000)
0
3Q09 4Q09 1Q10 2Q10 3Q10
8%
10%
12%
14%
16%
18%
Absorption Deliveries Vacancy
Total SF 91,050,566
Vacancy Rate 16.3%
YTD Net Absorption (617,851)
YTD Deliveries 0
Under Construction 0
Avg. Warehouse Rate $2.85 NNN
Source: CoStar Property
UPDATE Recent Transactions in the Market
SALES ACTIVITY
PROPERTY ADDRESS SALE PRICE SIZE SF PRICE / SF BUYER
9103 Riverside Pkwy. $16,700,000 593,404 $28.14 Medline Industries1250 Terminus Dr.-Bldg. 1 $14,500,000 330,000 $43.94 High Street Equity Adv.6047,6049 Fulton Ind. Blvd. $7,810,000 410,806 $19.01 KTR Capital Partners301 Wharton Cir. $1,350,000 60,085 $22.47 WHAH, LP
LEASING ACTIVITY
TENANT PROPERTY ADDRESS SIZE SF TYPE
Contrapac 655-675 Great SW Pkwy. 120,000 Warehouse Renewal
Decoma International 100 Performance Way 104,171 Warehouse Lease
Contrapac 5400 Bucknell Dr. 93,113 Distribution Renewal
Integracore Atlanta LLC 7750 The Bluff s 60,900 Distribution Lease
• I-20 West/Fulton Industrial posted yet another negative quarter of industrial space absorption in third quarter, losing 326,000 SF of tenants during the period. Over the past two years, the submarket’s industrial occupancy has dropped by almost 2.5 million square feet.
• Most of the leasing activity in I-20 West/Fulton Industrial has been for smaller deals ranging between 30,000 to 70,000 SF. The submarket continues to lose out on the larger space requirements in the market due to much of the area’s inventory being functionally obsolete. Despite this, some pockets in I-20 West/Fulton Industrial have large enough parcels to support build-to-suits.
• A recent plan signed off by the Fulton County Commission will establish a new community improvement district (CID) for the submarket which aims to bring more business to the area.
Squa
re F
eet
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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 480 offi ces throughout more than 61 countries worldwide.
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Accelerating success.Accelerating success.
Marty Arnold Ben Logue
Douglas Biggs Elizabeth McSweeney
Sean Boswell Henry Sawyer
Bill Buist Ryan Sawyer
Lee Cardwell Mike Spears
Chris Cummings Rick Vaughn
Chris Irby Price Weaver
COLLIERS INTERNATIONAL I-20 WEST/FULTON INDUSTRIAL LISTINGS
FOR LEASE
# PROPERTY SF AVAIL. BROKER(S)
1 6355 Boatrock Blvd. 296,260 Sean Boswell
2 120 Interstate West Pkwy. 14,400 Sean Boswell / Chris Cummings
3 4300 Westpark Dr. 216,074 Douglas Biggs / Lee Cardwell
4 780 Douglas Hill Rd. 107,000 Sean Boswell / Lee Cardwell
5 6255 Fulton Industrial Blvd. 120,960 Lee Cardwell / Douglas Biggs
FOR SALE
# PROPERTY SF AVAIL. BROKER(S)
1 6355 Boatrock Blvd. 296,260 Sean Boswell
6 3376 Highway 5 14,725 Douglas Biggs / Price Weaver
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
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MARKET REPORT | Q3 2010 | ATLANTA INDUSTRIAL | I-20W/FULTON INDUSTRIAL