With the first two quarters posting absorption over 12 million square feet, all key indicators continue to confirm that the industrial market in Atlanta remains strong. In fact, the city leads the nation in total net absorption for the year and has already surpassed 75 percent of last year’s net absorption. The south Atlanta submarket made up for more than 60 percent of the year-to-date total.
The continued growth of Atlanta’s infrastructure, logistics and manufacturing industries are driving factors in the market’s success with warehouse and distribution centers representing the majority of the demand. Since the city is a logistic and transportation hub for air, road, water and rail, industrial sector opportunities will continue to increase. These factors and the growth of the e-commerce industry will also highlight the city as an attractive asset for real estate investors.
Georgia’s location, relatively affordable land rates and business-friendly climate often help position the state as a top selection site for big business. McWhirter Realty Partners helps companies find current space, and also identifies, develops and manages new construction opportunities.
If you’re looking for industrial space, visit our listings page or review these featured listings:
BB&T foreclosed on a single tenant office warehouse building containing 125,000 square feet. The building was used by the prior owner as a fabric manufacturing facility. Upon foreclosure, the former owner vacated and left its equipment, furniture, trash, cardboard, large industrial spools and other equipment that was used in manufacturing fabric.
What We Did:
McWhirter Realty Partners was engaged by BB&T to secure the building and to start the process of liquidation of the equipment, furniture and materials left by former owner. McWhirter Realty Partners obtained bids to make the immediate building repairs, including repairs necessary to bring the building into compliance. McWhirter Realty Partners then supervised the liquidation of the equipment, furniture and materials. Upon completion of this work, McWhirter Realty Partners began aggressively marketing the building for sale and subsequently sold the building to a user.
Touted as one of the top five industrial markets in the nation, all key indicators continue to confirm that the industrial market in Atlanta will remain strong. Vacancy rates are less than 9 percent and rental rates are climbing.
What’s driving Atlanta to be the largest market for industrial buildings in the southeast?
- E-commerce: The growing number of retail sales attributed to online purchases is driving the demand for distribution space. Atlanta’s proximity to inland and coastal port markets make it a prime location.
- Logistics companies: Georgia is home to 90 percent of the top 25 global third-party logistics providers. Its location and infrastructure attracts companies transporting goods nationally and globally. Whether via air, rail, road or sea, its accessibility helps save company’s time and money.
- Warehouses: National retailers growing their distribution channels and the use of third-party logistics firms drives the need for warehouse space in excess of 100,000 SF.
- Service companies for residential developments: The growth of granite, marble, HVAC, supply houses, etc. leasing space in the metro Atlanta area is contributing to a tighter industrial market.
Georgia’s location, relatively affordable land rates and business-friendly climate often help position the state as a top selection site for big business. McWhirter Realty Partners helps companies find current space, and also identifies, develops and manages new construction opportunities. Contact us today or visit our listing page for more information.