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March 2020

Atlanta Industrial Real Estate Summary: Leases, Sales, and Construction Stats (Q4 2019)

Atlanta Industrial Real Estate Property Report - Ashley Capital

From 2010 to present, Atlanta’s population has grown over 18%, making it one of the top 40 locations in the nation for population growth. In addition to favorable population stats, Atlanta’s employment rate and economy ranks in the Top 25 in the United States according to several sources: US News & World Report, the U.S. Bureau of Labor Statistics, USA Today, and WalletHub. These rankings are a byproduct of several industries doing well in the region, including finance, healthcare/biomedical, manufacturing, media/communications, film/TV and logistics. All contribute to Atlanta’s thriving commercial real estate market.

With the industrial sector continuing to experience an upward trajectory, Ashley Capital compiles quarterly lease, sales, and construction project statistics for the region. These stats and highlights include: latest property deliveries, net absorption, vacancy rates, cap rates, price per square foot for sales, and much more.

Atlanta Industrial Real Estate Statistics - Ashley CapitalKey Atlanta Industrial Real Estate Lease Statistics

12 Month Deliveries in Square Feet: 15.6 million
12 Month Net Absorption in Square Feet: 11.9 million
Vacancy Rate: 5.7%
12 Month Rent Growth: 5.1%

Major Atlanta Industrial Leases (Past 12 Months)

1) Property: 2100 – 2200 W Park Place Blvd
Submarket:
Stone Mountain
Leased SF:
2,800,000
Quarter:
Q3 2019
Tenant: Amazon
Tenant Rep: Not Listed
Leasing Rep:
Seefried Properties, Inc

2) Property: 139 Orchard Business Pky
Submarket: 
Fayette / Coweta County
Leased SF:
1,514,040
Quarter:
Q4 2019
Tenant: Goodyear Tire and Rubber
Tenant Rep: CBRE
Leasing Rep: Colliers International

3) Property: 8500 Tatum Rd
Submarket:
Airport / North Clayton
Leased SF:
982,777
Quarter:
Q1 2019
Tenant: PVH Corp
Tenant Rep: JLL
Leasing Rep: JLL

4) Property: 801 Factory Shoals Rd
Submarket: I-20 W / Douglasville
Leased SF:
925,800
Quarter:
Q2 2019
Tenant: Stitch Fix
Tenant Rep: JLL
Leasing Rep: JLL / Prologis

5) Property: 1256 Terminus Dr
Submarket: I-20 W / Douglasville
Leased SF: 527,000
Quarter: Q3 2019
Tenant:
Fr8Auctions
Tenant Rep:
King Industrial Realty
Leasing Rep: 
Exeter Property Group

Atlanta Industrial Real Estate Sales Stats - Ashley Capital

Key Atlanta Industrial Sales Statistics (Past 12 Months)

Sales Comparables: 1,161
Average Cap Rate:
7.2%
Average Price/ SF: 
$62
Average Vacancy at Sale: 11.4%

Major Atlanta Industrial Property Sales

1) Property: Whirlpool Atlanta (195 King Mill Rd)
*Rating:
4
Year Built: 
2008
Building SF:
1,538,196
Vacancy:
0%
Price (PSF): 
$90,798,060 ($59)
Cap Rate: 
Not Listed

2) Property: Building #150 (2160 Anvil Block Rd)
*Rating:
5
Year Built: 
2018
Building SF:
1,017,627
Vacancy: 
0%
Price (PSF): 
$71,030,000 ($70)
Cap Rate: 
Not Listed

3) Property: Kellogg (5390 Hunter Rd)
*Rating: 4
Year Built: 2001
Building SF: 903,145
Vacancy: 
0%
Price (PSF): $59,750,000 ($66)
Cap Rate: 5.0%

4) Property: Logistics Center at 440 Interstate W Pky (440 Interstate W Pky)
*Rating:
5
Year Built: 
2017
Building SF:
781,440
Vacancy: 
0%
Price (PSF): 
$57,100,000 ($73)
Cap Rate: 
5.0%

5) Property: Building 200 (2160 Anvil Block Rd)
*Rating: 5
Year Built: 2016
Building SF: 848,421
Vacancy: 
0%
Price (PSF): $57,000,000 ($67)
Cap Rate: Not Listed

*Rating is 1-5, 5 being the best

Atlanta Industrial Property Construction Stats - Ashley Capital

Key Atlanta Industrial Construction Projects Statistics

Properties Currently Under Construction: 69
Total Size: 
19,869,068
Percent of Inventory:
3.0%
Preleased: 35.22%

Top Atlanta Industrial Properties Under Construction

1) Property: Amazon Fulfillment Center (2100 – 2200 W Park Place)
Rating*:
5
Building SF:
2,800,000
Stories:
4
Completion:
Q2 2021
Developer / Owner:
Seefried Properties, Inc / Fortress Investment Group LLC

2) Property: Prologis Orchard Hills (139 Orchard Business Pky)
Rating*:
5
Building SF:
1,514,040
Stories:
1
Completion:
Q1 2021
Developer/ Owner: 
Prologis / Prologis, Inc

3) Property: Chattahoochee Logistics (7055 Campbellton Rd)
Rating*:
4
Building SF:
1,128,400
Stories:
1
Completion:
Q2 2020
Developer/ Owner: 
Taylor & Mathis, Inc / Development Authority of Fulton

4) Property: Building 2 (700 Palmetto Logistics Pky)
Rating*:
5
Building SF:
1,041,600
Stories:
1
Completion:
Q1 2020
Developer/ Owner:
Hardie Real Estate Group, LLC

5) Property: Gardner Logistics Park (3150 Highway 42)
Rating*:
4
Building SF:
1,011,907
Stories:
1
Completion:
Q1 2020
Developer/ Owner:
Scannell Properties

*Rating is 1-5, 5 being the best

Data Sources: Ashley Capital & CoStar