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Atlanta & Southeast  + Atlanta  + Industrial  |  October 29, 2019
David Cohen
By: David Cohen

Report: Atlanta Industrial Market Posts Stronger Than Expected Q3

The Atlanta industrial market experienced a stronger than expected third quarter, absorbing just over 6.2 million square feet, according to Colliers’ Atlanta Q3 2019 Industrial report. Atlanta also had the second highest amount of space absorbed nationwide in Q3, behind only Chicago.

Atlanta’s top submarket in terms of absorption during Q3 was South Atlanta. A number of large tenants such as PVH Corp. (982,777 square feet), Coca-Cola Bottling (415,000 square feet), and CEVA Logistics (400,000 square feet) took occupancy in South Atlanta in Q3.

Additionally, the average industrial rent for Atlanta reached a record high during Q3, increasing to $4.85-per-square-foot NNN. Despite leading the Atlanta market in absorption, South Atlanta’s overall rental rate remained level. The submarket continues to see new product deliver, but it is most exposed to large vacancies, according to Colliers.

Connect Industrial 2019 is coming to Houston on Nov. 19. For more information, or to register, click here.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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