big box template 2016 fall preview
TRANSCRIPT
Greater Atlanta INDUSTRIAL MARKET REPORT
Visit us at www.lee-associates.com | www.leeatlanta.com Prepared By:Lee & Associates Supply Chain & Logistics Group
2016
FALL PREVIEW
BIG BOX / BULK DISTRIBUTION
BULK DISTRIBUTION CENTERS DEFINED AS: • 200,000+ Square Feet
• 20’ Clear Ceilings and Above• Minimal Offi ce Build-Out• Available in 90 Days or Less
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Lee & Associates - Big Box Industrial Report
2016 FALL PREVIEWReport AnalyticsThe 2016 Fall Preview Big Box Industrial report provides you with updates and changes to the availability of the buildings that contain 200,000 square feet or more since our 2015 Fall Preview Edition, the status of the Atlanta industrial market, trends and forecasts.
Some of the notable lease transactions include:
All information contained herein has been collected from 3rd party sources and is deemed reliable but not guaranteed
Snapshot Data
Last Update (Spring Preview 2016)
Current Level (Fall Preview 2016)
Market Shift
# Buildings: 46 # Buildings: 50
RBA: 22,319,714 SF RBA: 23,019,958
*Avg Building Age (yrs): 23.2 *Avg Building Age (yrs): 21.8
YTD Deliveries 7,430,112 SF YTD Deliveries 4,200,00 SF
Direct Average Rate $3.20/nnn Direct Average Rate $3.50/NNN
Sublet Average Rate $3.33/nnn Sublet Average Rate $3.37NNN
Total Average Rate $3.23/nnn Total Average Rate $3.36NNN
Property Name Address Submarket Tenant Name SF Lease Type
King Mill Distribution Park 130 Distribution Dr South Atlanta Wayfair 846,496 New
1793 Highway 42 S 1793 Highway 42 S South Atlanta OHL 417,400 New
Southpark 5025 Fayetteville Road South Atlanta Georgia Pacifi c 279,779 New
ECONOMIC INDICATORS VACANCY ABSORPTION
UnemploymentU.S. Down to 4.7%Georgia Down to 5.3%Atlanta Metro Down to 5.3%U.S. Consumer Price Index Up 0.2%Gross Domestic Product Up 1.1%
Source: Bureau of Labor Statistics, Georgia
State University Economic Forecasting Center,
Bureau of Economic Analysis.
as of Q2 2016 percentage, 2005-2016 in SF, 2005-2016
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5,119,575 SFQ2 NET ABSORPTION
Q1 3,681,773 SF
7.3%Q2 VACANCY
Q1 7.6%
6,004,835 SFLEASING ACTIVITY
12,675,979 SFUNDER CONSTRUCTION
4,173,352 SFNEW SUPPLY DELIVERED
$4.31 SFAVERAGE ASKING RENT (PER YR.)
$54.00AVERAGE SALES PER SF
$443 M183 SALES TRANSACTIONS
Q2 2016 Atlanta Industrial Market Report
Source: Bureau of Labor Statistics, Georgia State University Economic Forecasting Center, Bureau of
Economic Analysis
• The Atlanta Industrial market ended Q4 with 3,794,445 SF of net absorption, bringing YTD absorption to 3,269,729 SF.
• The vacancy rate remained at 92.3% , the lowest Atlanta has seen in over ten years.
• Lease activity increased this quarter over 4.5M SF.
• Construction and development activities seem to be taking a pause for speculative development and build to suit projects which now total $12,675,979. Down $2.5M from last quarter.
• Rental rates have remained steady, closing Q2 at $4.31 PSF.
• Investment sales volume reached $443M this quarter and aver-aged $54 PSF.
• The largest industrial sales transaction for the quarter was an 11-building portfolio totalling 977,895 SF.
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2016 SPRING PREVIEW
4975 Powder Springs Dallas Rd., Powder Springs, GA 30127Size: 350,000 SF on 25 AcresAvailable SF: 350,000 SF
Sale / Lease: $11,200,000/ $2.75 PSF
Ceiling: 30’ Clear Year Built: 1994
1265 Terminus Drive, Lithia Springs, GA 30122
Size: 527,000 SF on 39.9 AcresAvailable SF: 265,000 - 527,000 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 32’ ClearYear Built: 2001
420 Lee Industrial Blvd, Austell, GA 30168Size: 561,600 SF on 35 AcresAvailable SF: 280,000 - 561,600 SF
Sale / Lease: Negotiable / Withheld
Ceiling: 22’ ClearYear Built: 1971
I-20 W / Fulton
5720 Fulton Industrial Blvd, Atlanta, GA 30336Size: 258,907 SF on 13.03 ACAvailable SF: 258,907 SF
Sale / Lease: $3.25/NNN
Ceiling: 29”0”-30’0”Year Built: 2000
555 Hartman Road II, Austell GA 30168Size: 261,799 SF on 23.3 AcresAvailable SF: 261,799 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 28’ ClearYear Built: 2006
1 Interstate West Pky Bldg. M, Austell, GA 30168Size: 538,028 SF on 37 AcresAvailable SF: 538,028 SF
Sale / Lease: Not for Sale/ Withheld
Ceiling: 36’ ClearYear Built: 2015
7875 White Rd, Austell, GA 30168Size: 604,852 SF on 32 AcresAvailable SF: 301,439 - 604,852 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 36’ ClearYear Built: 2015
5305 Tulane Drive SW, Atlanta, GA 30336Size: 253,738 SF on 12 AcresAvailable SF: 253,738 SF
Sale / Lease: $4,826,703 / $1.95 PSF
Ceiling: 20’ - 24’ ClearYear Built: 1965
6150 Xavier Dr. SW, Atlanta, GA 30336Size: 542,432 SF on 27.63 AcresAvailable SF: 363,427 SF
Sale / Lease: Not for Sale / $7.50 PSF
Ceiling: 24’ ClearYear Built: 1972 / Reno 1986
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Northeast Atlanta
596 Bonnie Valentine Way, Pendergrass, GA 30567Size: 848,525 SF on 60.8 AcresAvailable SF: 371,525 SF
Sale / Lease: Not for Sale / $3.25 SF
Ceiling: 32’’ ClearYear Built: 2006
435 Henry D Robinson Blvd, Pendergrass, GA 30567
Size: 398,485 SF on 52 AcresAvailable SF: 398,485 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 31’ ClearYear Built: 2005
2510 Mill Center Parkway, Buford, GA 30518Size: 870,480 SF on 58.69 AcresAvailable SF: 301,320 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 32’ ClearYear Built: 2006
2800 Sawnee Avenue, Buford, GA 30518Size: 302,600 SF on 6.95 AcresAvailable SF: 302,600 SF
Sale / Lease: Negotiable / $2.95 PSF
Ceiling: 25’ - 28’ ClearYear Built: 1986
235 Hog Mountain Rd, Jefferson, GA 30549Size: 459,134 SF Available SF: 459,134 SF
Sale / Lease: Not for Sale/ $3.50/NNN
Ceiling: 32’ ClearYear Built: 2007
4600 Northeast Expressway, Doraville, GA 30340Size: 225,000 SF on 9.60 AcresAvailable SF: 223,000 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 16’5” - 28’0” ClearYear Built: 1965
350 Logistics Center Pky, Jefferson, GA 30549
Size: 839,712 SF on 60.20 Acres
Available SF: 839,712 SF
Sale / Lease: Not for Sale / $3.35 SF
Ceiling: 36’ ClearYear Built: 2015
2780 Horizon Ridge Ct, Suwanee, GA 30024
Size: 222,643 SF Available SF: 222,643 SF
Sale / Lease: Not for Sale/ $3.25-3.70/NNN
Ceiling: 28’ ClearYear Built: 1997
4245 International Blvd, Norcross, GA 30093
Size: 249,200 SF on 10.50 Acres
Available SF: 249,200 SF Sale / Lease: Not for Sale / Withheld
Ceiling: 23’ ClearYear Built: 1985
14187 Industrial Park Blvd, Covington, GA 30014
Size: 404,000 SF on 33.90 Acres
Available SF: 404,000 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 28’ ClearYear Built: 2004
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2016 FALL PREVIEW
4950 Mason Road, Atlanta, GA 30349Size: 547,550 SF on 75 AcresAvailable SF: 547,550 SF
Sale / Lease: Not for Sale / $3.50 N
Ceiling: 36’ ClearYear Built: 2005
100 Constitution Drive, McDonough, GA 30253Size: 627,238 SF on 54 AcresAvailable SF: 260,600 SF
Sale / Lease: Negotiable / $2.45 SF
Ceiling: 24’ - 29’ 10” ClearYear Built: 1992
4909 N. Commerce Dr, East Point, GA 30344Size: 614,880 on 14.13 Acres Available SF: 614,880 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 36’ ClearYear Built: 2016
1525 Oakley Industrial Blvd, Fairburn, GA 30213Size: 556,800 SF on 36.13 AcresAvailable SF: 556,800 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 30’ ClearYear Built: 2006
130 Greenwood Industrial Pky, McDonough, GA 30253
Size: 490,961 SF on 25.19 AcresAvailable SF: 490,961 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 28’ ClearYear Built: 1997
150 Greenwood Industrial Pky, McDonough, GA 30253
Size: 867,000 SF on 37.07 ACAvailable SF: 867,000 SF
Sale / Lease: Not for Sale / $3.25 SF
Ceiling: 32’ ClearYear Built: 2006
60 Herring Road, Newnan, GA 30265Size: 1,917,084 SF on 101.74 AcresAvailable SF: 1,917,084 SF
Sale / Lease: Negotiable / Withheld
Ceiling: 24’-26’ ClearYear Built: 1978 / Reno 2001
South Atlanta
471 Eagles Landing Pky, Stockbridge, GA 30281Size: 324,000 SF on 34 AcresAvailable SF: 324,000 SF
Sale / Lease: Not for Sale / $2.75 SF
Ceiling: 24’ ClearYear Built: 1989
250 Declaration Dr, McDonough, GA 30253Size: 759,300 SF on 61 AcresAvailable SF: 329,700 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 32’ ClearYear Built: 2001
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2016 FALL PREVIEW
237 Greenwood Industrial Ct, McDonough, GA 30253
Size: 455,000 SF on 25.38 AcresAvailable SF: 455,000 SF
Sale / Lease: Withheld
Ceiling: 32’ ClearYear Built: 2001
Avalon Pky and I-75, McDonough, GA 30253Size: 714,560 SF on 74.55 AcresAvailable SF: 714,560 SF
Sale / Lease: Not for Sale/ Withheld
Ceiling: 36’ ClearYear Built: 2016
200 Eagles Landing Pkwy, Stockbridge, GA 30281Size: 399,177 SF on 29 AcresAvailable SF: 399,177 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 30’ ClearYear Built: 1998
3100 Southpark Blvd, Ellenwood, GA 30294Size: 451,200 SF on 18.69 AcresAvailable SF: 451,200 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 32’ ClearYear Built: 2004
King Mill Rd, McDonough, GA 30252Size: 752,590 SF on 183.02 AcresAvailable SF: 752,590 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 36’ ClearYear Built: 2015
7980 Spence Road, Fairburn, GA 30213Size: 317,520 SF on 29 AcresAvailable SF: 317,520 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 32’ ClearYear Built: 2015
5395 Oakley Industril Blvd, Fairburn, GA 30213Size: 427,912 SF on 23.69 AcresAvailable SF: 427,912 SF
Sale / Lease: Not for Sale / $3.25 SF
Ceiling: 31’ ClearYear Built: 2001
1791 Mount Zion Rd, Morrow, GA 30260Size: 514,461 SF on 22.82 AcresAvailable SF: 514,461 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 22’ Clear Year Built: 1972
South Atlanta
5290 Old Dixie Hwy, Forest Park, GA 30297Size: 226,239 SF on 19.78 AcresAvailable SF: 226,239 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 32’ ClearYear Built: 1992 / Reno 2004
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1106 Citizens Pky, Morrow, GA 30260Size: 206,190 SF on 10.12 AcresAvailable SF: 206,190 SF
Sale / Lease: Negotiable / $2.95/N
Ceiling: 32’-44’Year Built: 1987
2750 Sullivan Rd, College Park, GA 30337Size: 205,541 SF on 17 AcresAvailable SF: 205,541 SF
Sale / Lease: Not for Sale / Withhled
Ceiling: 32’-44’ ClearYear Built: 1972
5025 Fayetteville Rd, Fairburn, GA 30213Size: 279,776 SF on 11.77 AcresAvailable SF: 279,776 SF
Sale / Lease: Not for Sale / $2.95
Ceiling: 31’ ClearYear Built: 1999
4071 Southmeadow Pky W, Atlanta, GA 30349Size: 209,918 SF on 17.83 AcresAvailable SF: 98,483 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 28’ ClearYear Built: 1991
5265 Old Dixie Hwy, Forest Park, GA 30297Size: 540,000 SF on 23.82 AcresAvailable SF: 540,000 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 20’ ClearYear Built: 1961 / Reno 1965
4081 Southmeadow Pky W, Atlanta, GA 30349Size: 254,172 on 17.80 AcresAvailable SF: 154,172
Sale / Lease: For Sale Only / Withheld
Ceiling: 28’’ ClearYear Built: 1981/ Reno 1996
4099 Old Dixie Hwy, Atlanta, GA 30354Size: 231,000 SF on 8.30 AcresAvailable SF: 228,000 SF
Sale / Lease: Not for Sale / $2.95 NNN
Ceiling: 24’ ClearYear Built: 1965/Reno 2006
South Atlanta
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2016 FALL PREVIEW
The Real Estate Cycle
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2750 Barrett Lakes Blvd, Kennesaw, GA 30144Size: 368,931 SFAvailable SF: 368,931 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 28’- 32’ ClearYear Built: 1997
Atlanta-Kennesaw/Acworth Ind.
3475 International Park Dr SE, Atlanta, GA 30316Size: 386,846 SF on 22.20 AcresAvailable SF: 386,846 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 24’-34’ ClearYear Built: 1984/ Reno 1992
4961 Golden Pky, Buford, GA 30518Size: 300,000 SF on 16.70 AcresAvailable SF: 300,000 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 32’ ClearYear Built: 2016
Atlanta-S Barrow Ind
4650 Hugh Howell Rd, Tucker, GA 30084Size: 293,000 SF on 24.05 AcresAvailable SF: 293,000 SF
Sale / Lease: Withheld / $2.85 SF
Ceiling: 26’-31’’ ClearYear Built: 1968
Central Atlanta
1200 White Street, Atlanta, GA 30310Size: 287,000 SF on 15.15 AcresAvailable SF: 287,000 SF
Sale / Lease: Not for Sale / Withheld
Ceiling: 20’ - 22’ ClearYear Built: 1965
1965 Statham Dr. Statham, GA 30666Size: 225,680 SF on 22.27 AcresAvailable SF: 225,680 SF
Sale / Lease: $7,775,000 / $3.50 SF
Ceiling: 28’-32’’ ClearYear Built: 2000
Atlanta- Stone Mountain IndAtlanta-Snapfinger Ind.
Atlanta I-985/ Gainsville Ind
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Import Volumes In May, the U.S. imported $182.1 billion of cargo, increasing 1.9% from April. The May imports of services($41.4 billion) were the highest on record. (Source: US Census)
Export Volumes In May, the U.S. exported $119.8 billion of cargo, decreasing 0.2% from April. (Source: US Census)
Multimodal News Clips
• U.S. light vehicle sales were a seasonally adjusted and annualized 16.6 million in June 2016, down 4.5% from May and up 2.4% from June 2015. (Source: AAR)
• The Intermodal Association of North American (IANA) has launched its own online portal to boost effi ciency in the drayage sector, connecting drivers looking to return a container or chassis with those looking to pick one up. It’s just one example of a growing number of new applications aimed at cutting down on the number of empty and unproductive miles driven by port drivers in the U.S. every day. (Source: JOC)
Railroad News ClipsThe Georgia Ports Authority has received a $44 million Fixing America’s Surface Transportation (FAST)grant from the USDOT to increase rail capacity at the Port of Savannah. The award is a signifi cantportion of a total $128 million project known as the Port of Savannah International Multi-modalConnector. The project is expected to take 5 years to complete. (Source: Railway Age)
Trucking Volume The ATA’s seasonally adjusted For-Hire Truck Tonnage index increased 2.17 to 139 in May, and was up5.7% from May 2015. (Source: American Trucking Association | Trucking.org)
Truckload FreightThe spot market for truckload freight in June increased 29% compared to the previous month, and was 8% higher year-over-year. Truck capacity decreased 7.6% for the month, and decreased 1.9% year-over-year. (Source: DAT Trendlines | www.dat.com)
Truck OrdersPreliminary data for heavy-duty Class 8 trucks net orders in North America decreased to 13,000 units inJune 2016, the lowest monthly total since 2012. June orders were 8% lower than the previous month and34% lower than a year ago. (Source: FTR Transportation Intelligence | ftrintel.com)
Trucking News ClipsThe U.S. DOT began an audit of the potential impact of shipping delays on the trucking industry and its compliance with federal safety laws. The department will examine how delays at ports and other loading and unloading facilities may be affecting drivers’ ability to operate with hours-of-service rules mandated by the Federal Motor Carrier Safety Administration (FMCSA). (Source: American Shipper)
Air Cargo Traffi c Global air freight traffi c in May increased 0.9% from one year ago, and decreased 0.5% year-to-date.(Source: IATA.org) (Global air freight covers international and domestic scheduled air traffi c.)
Atlanta Air Cargo Traffi c
In March, Hartsfi eld-Jackson Atlanta International Airport transported 52,791 metric tons of cargo, an11.0% increase from the previous month and a 7.6% decrease year-over-year. (Source: HJIA)
Import VolumesIn May, the latest month for which after-the-fact numbers are available, U.S. container ports handled 1.63million TEUs, a 12.8% increase from the previous month, and a 1.1% increase from May 2015. Source:NRF/Hackett Associates)
Port of Savannah The Port of Savannah moved 313,485 TEUs in May 2016, a 7.0% decrease compared to May 2015 and a5.18% increase from the previous month. (Source: GPA)
Port of BrunswickThe permit for a fourth vessel berth at Colonel’s Island Auto Pot has been submitted to the U.S. Army Corps of Engineers for their review. Further, the GPA board has approved the development and paving of 67 acres at the Colonel’s Island Auto Port. This will bring the total acres paved for vehicles to 496 (Source: GPA)
Industrial VacancyU.S. industrial vacancy declined to 6.4% in Q1 of 2016, the lowest level since 2000, just before the onset of the 2001 recession. If the economic expansion continues, which is expected, the vacancy rate may have room to fall further. (Source: NGKF)
Warehouse Rent Rates
In Q1 2016, warehouse and distribution rental rates in the U.S ended at $5.75/SF triple net, up 1.5% fromthe prior quarter and up 4.4% for the year. Atlanta saw double-digit rent gains over the past four quarters, partly due to their market experiencing rapid population growth. (Source: NGKF)
Industrial Net Absorption
Net absorption in the US during Q1 2016 totaled 51.9 million square feet, a 19% decrease from theprevious quarter. Of the 49 industrial markets NGKF tracks, 42 posted positive Q1 absorption. Dallas-FortWorth led all markets, absorbing 5.7 million square feet, followed by Atlanta with 4.4 million square feet.(Source: NGKF) (Absorption is the net change in occupied space between two points in time. Positive absorption means that previously unoccupied space is being occupied.)
MUL
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Logistics Market SnapshotJuly 2016
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2016 FALL PREVIEW
Project Location Building SF Delivery1 MAC IV Building A 1,042,000 Q4-16
2 705 Braselton Industrial Blvd. 1,000,480 Q2-17
3 5000 Bohannon Rd 873,800 Q4-16
4 2160 Anvil Block Road 848,421 Q2-16
5 0 Hog Mountain Rd 822,257 Q1-17
6 Satellite Blvd., Bldg. 1 548,484 Q4-16
7 1 Interstate West Parkway 538,686 Q2-16
8 2110 Lawrence Avenue 538,500 Q4-16
9 212 Bohannon Road 493,870 Q3-16
10 1 Broadmoor Blvd 461,700 Q4-16
Planned Projects
PROPOSED PROJECTS as of Q2 2016
Address Developer Proposed SF1 Valentine Industrial Parkway Seefried/USAA 1,874,880
2 I-75 and GA Hwy 16 Dollar General Corp BTS 1,200,000
3 Banks Crossing Industrial Park Pattillo Construction 1,000,000
4 4955 Oakley Industrial Blvd First Industrial Realty Trust 959,722
5 Shugart Farms Lake Pkwy (Bldg C) Shugart 667,800
6 3201 Centre Parkway Site G Duke Realty Corporation 455,000
7 Horizon Drive Suwanne, GA Taylor & Mathis 264,550
8 2 Broadmoor Blvd Panattoni 198,000
9 1735 Satellite Blvd Taylor & Mathis 112,500
Project Location Building SF Tenant Delivery1 Greenwood Industrial Park 1,200,000 Home Depot Q1-17
2 Greenwood Industrial Park 1,069,200 Medline Q3-16
3 505 Baxter Pkwy 1,000,000 Baxter Plant Q1-18
4 Cornelia Highway 492,048 Kubota Manufacturing Q3-16
5 1665 Broadmoor Road 450,000 Best Buy Q3-16
LARGEST BUILD-TO SUIT PROJECTS UNDER CONSTRUCTION as of Q2 2016
SPECULATIVE BUILDINGS UNDER CONSTRUCTION OVER 450,000 SF - METRO ATLANTA
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Planned Projects Map OverviewGreen= Speculative Buildings Under Construction over 500,000SF Red=Proposed Properties Purple= Largest Projects Under Construction
Lee & Associates - Big Box Industrial Report
2016 SPRING PREVIEW
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03Q2 2016 Atlanta Industrial Market Report | Lee & Associates
INDUSTRIAL SUBMARKET DATA
The information and details contained herein have been obtained from third-party sources believed to be reliable; however, Lee & Associates Atlanta has not
Atlanta makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the
purpose.
Interested parties should perform their own due diligence regarding the accuracy of the information. The information provided herein, including any sale or lease terms, is being provided subject to errors, omissions, changes of price or conditions, prior sale or lease, and withdrawal without notice. Third-party data sources: CoStar Group, Inc., Real Capital Analytics, and Georgia State Economic Forecasting Center. The Lee & Associates Atlanta Industrial Market Report compiles market data by using a third-party database for the
manufacturing and warehouse properties in the Atlanta Metropolitan Area. © Copyright 2016 Lee & Associates Atlanta. All rights reserved.Market report analysis by:
Samantha Wheeler, Research Coordinator
Market report created by:
Brittany Sturdivant, Marketing Coordinator
Submarkets Total Inventory Vacancy Vacancy NET Absorption Under Construction Building Completions Asking RentTotal SF Q2 16 YTD Total YTD Total
Northwest Warehouse 46,434,291 3,217,024 10.9% 2,416,201 220,235 3,080,200 $4.60Distribution 11,184,351 528,913 4.7% 208,574 - - -Flex 7,720,721 842,757 6.9% (12,711) - - $8.78Total 65,339,363 4,588,694 7.0% 2,612,064 220,235 3,080,200 $5.30
North CentralWarehouse 14,027,980 1,205,645 8.6% 158,020 191,981 191,981 $5.99Distribution 5,160,082 340,485 6.6% 27,720 - - -Flex 7,436,957 652,770 8.0% 184,106 - - $9.98Total 26,625,019 2,198,900 8.3% 369,846 191,981 191,981 $7.92
NortheastWarehouse 111,044,226 5,169,925 4.7% (165,321) 2,762,997 300,000 $4.30Distribution 27,671,445 1,588,552 5.7% 337,639 281,865 38,000 -Flex 15,001,847 2,171,823 14.5% 174,410 - - $8.11Total 153,717,518 8,930,300 5.8% 346,728 3,044,862 338,000 $4.88
St. Mountain/SnapfingerWarehouse 50,696,264 3,280,809 6.7% 134,458 1,000,000 175,000 $3.60Distribution 14,130,200 717,853 5.0% 99,766 75,000 - -Flex 4,825,494 794,319 16.2% 38,085 - - $7.03Total 69,651,958 4,792,981 7.1% 242,309 1,075,000 175,000 $3.98
South AtlantaWarehouse 134,215,385 11,218,436 8.4% 4,579,406 6,066,059 5,899,954 $3.43Distribution 25,424,090 4,064,132 16.0% (54,980) - - -Flex 4,241,569 505,251 11.9% (16,343) - - $7.28Total 163,881,044 15,787,819 9.6% 4,508,083 6,066,059 5,899,954 $3.53
I-20 West/Fulton IndWarehouse 75,404,740 5,015,801 6.7% 1,046,016 1,213,686 307,000 $3.25Distribution 16,029,782 1,037,163 6.5% (22,581) - - -Flex 3,187,920 199,145 6.2% (46,732) 808,355 - $6.25Total 94,622,442 6,252,109 6.6% 976,703 2,022,041 307,000 $3.34
Chattahoochee/Central AtlWarehouse 25,347,445 1,802,000 8.0% (291,286) 55,801 - $5.30Distribution 3,132,429 15,000 0.8% (300) - - -Flex 5,300,241 92,819 1.8% 7,201 - - $12.54Total 33,780,115 1,909,819 6.2% (284,385) 55,801 - $5.80
Total Submarkets Warehouse 457,170,331 30,909,640 6.8% 7,877,494 11,510,759 10,002,614 $3.86Distribution 102,732,379 8,292,098 8.1% 595,838 356,865 140,720 -Flex 47,714,749 5,258,884 11.0% 328,016 808,355 - $8.41Total 607,617,459 44,460,622 7.3% 8,801,348 12,675,979 10,143,334 $4.31
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Lee & Associates - Big Box Industrial Report
2016 FALL PREVIEW2016 STRATEGY FOR OCCUPIERS: TIME TO MOVE FORWARD, PRUDENTLY, BUT MORE QUICKLY
agentsand growingnationwide
800transaction volume
2015
$10 billionincreasein transaction
volume over 5 years
104%
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Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned fi rm in the country with locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, Penn-sylvania, South Carolina, Texas, and Wisconsin. With more than 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn and Twitter.
ABOUT LEE & ASSOCIATES
LEE & ASSOCIATES - SCLG MEMBERS OF THE FOLLOWING
Warehousing Education &Research Council
Lee & Associates Supply Chain & Logistics Group
Society of Industrial & Offi ce Realtors
National Association of Realtors (NAR)
Atlanta Air Cargo Association
Council of Supply Chain Management Professionals
Industrial Asset ManagementCouncil
Certifi ed Commercial Investment Member (CCIM)
Atlanta Commercial Board of Realtors (ACBR)
Kurt T. Unger, CCIM, SIORExecutive VP / PrincipalLee Atlanta- Top BrokerOffi ce: [email protected]
Rick Tumlin, CCIM, SIORExecutive VP / PrincipalLee Atlanta- #2 BrokerOffi ce: [email protected]
Tom BryantDirectorOffi ce: 404.442.2814 [email protected]
SUPPLY CHAIN AND LOGISTICS GROUP GROUP (SOUTHEAST U.S.)