Have you heard about King Industrial Realty’s Grey Market Program?

King tracks over 650 million square feet of space in the Atlanta Industrial Real Estate market using PinPoint, our proprietary database.  When a client is looking to purchase or lease a property, PinPoint allows us to show them all possible options. 

Our grey market program closes the gap between potential availability and actual availability by targeting specific projects to determine if a potential availability exists.  It is a proven technique that has been used repeatedly by King agents. With the client’s input, we are able to take the following information and steps to find the building or space that best suits the client’s needs.

Criteria:  Clients specify or target potential locations of interest, provide agent with their needs such as total square footage, ceiling height, rail, outside storage, etc.

Identify Target:  Utilizing PinPoint, we can identify potential buildings or spaces that are currently occupied or used that closely match our client’s established criteria.

Marketing:  King agents know who to contact and are able send out notice of a client’s potential need very quickly and efficiently because of all the information tracked through PinPoint. 

Allison Evans

King Industrial Realty
Associate

Hot and Cold Markets for Absorption in 2012

The hottest areas for absorption in the Metro Atlanta industrial real estate market turned out to be almost the same markets that were the hottest for new and used available space.  However, the Fulton Industrial market is by far the strongest when comparing amounts of positive net absorption.  At the end of 2012, it accounted for 44% of the total amount of absorption in the Metro Atlanta industrial market.  The I-85/985/316 market accounted for 14.9% and the Northwest market accounted for 14.7% of positive net absorption in Atlanta.  It is also worth noting that the Airport/I-75 South region was close behind with 14.4%.  Amount of square footage of positive net absorption in each of these markets are as follows:

I-20 West/Fulton Industrial:  3,125,444 sf

I-85/985/316:  1,058,524 sf

Northwest:  1,045,278 sf

I-75 South/Airport:  1,022,224 sf

The coldest markets for absorption in 2012 were the City of Atlanta, I-85 Northeast, and I-75/Paulding County regions.  These three regions were the only ones in Metro Atlanta to report negative net absorption.  The City of Atlanta region made up for 64.7% of the total negative net absorption, while I-85 Northeast accounted for 33.4% and I-75/Paulding County accounted for 2.1%.  Amount of square footage of negative net absorption in each of these markets are as follows:

City of Atlanta:  -1,261,300 sf

I-85 Northeast:  -653,758 sf

I-75/Paulding County:  -40,107 sf

Do you think these hot and cold markets will follow a similar trend for the remainder of 2013?

Allison Evans
King Industrial Realty
Associate

2012 Distribution Hot Markets

In 2012 Metro Atlanta’s hottest markets for used space proved to be the I-85 North corridor, the I-20 West/Fulton Industrial area, and the I-85 South/Airport market.  The I-85 North area held 24.6% of the total available used space in the Metro Atlanta industrial real estate market.  I-20 West accounted for 21.2% and I-75 South accounted for 14.4%.  Amount of square footage of available used space in each of these markets are as follows:

I-85 Northeast – 27,571,929 sf available

I-20 West/Fulton Industrial – 24,980,452 sf available

I-75/Airport – 16,481,028 sf available

Hot markets for available new space in Metro Atlanta were the I-85/985/316, I-20 West/Fulton Industrial, and Northwest markets.  About 37.1% of this space was in the I-85/985/316 area, 25.1% was in I-20 West/Fulton Industrial, and 10% was in the Northwest market.  Amount of square footage of available new space in each of these markets are as follows:

I-85/985/316 – 2,188,092 sf available

I-20 West/Fulton Industrial – 1,481,038 sf available
Northwest – 589,249 sf available