Atlanta Industrial Real Estate Market Trends 1st Quarter 2010
The good news is that 48 percent of U.S. metro areas are on the rebound. According to the Adversity Index compiled by msnbc.com and Moody’s economy.com, 183 of the 384 metro areas tracked in the US have begun to recover from the current recession. The bad news is that Atlanta was not among that fortunate group. The activity and net absorption results for this first quarter of 2010 can’t dispute those findings.
After a better than expected end to 2009, the Atlanta industrial market lost momentum in the first quarter. Activity slipped to 8,842,437 square feet – down slightly from the fourth quarter 2009 performance, but not as low as the previous quarters in 2009. Deals are definitely being made. In fact, more deals were inked in this first quarter than in the closing quarter of 2009. Proof positive that tenants are coming and going – the “going” side is out-pacing the “coming” side. Net absorption of –3,293,614 square feet was the end result in the distribution sector for the first quarter 2010.
Full article with submarket overviews: here
Wednesday, April 28, 2010
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