Wednesday, May 1, 2013

Net Absorption in the 1st Quarter of 2013 Continues Positive Trend!

It’s been great to hear that the Metro Atlanta industrial real estate market has continued it’s slow but steady recovery into the first quarter of 2013.  I think most people were fairly pleased with absorption and activity figures for the end of 2012, however, it seemed like there was still a great deal of skepticism as to whether or not the positive trend would continue into 2013.  Now it’s looking like we can let our hopes get a little higher and be more optimistic about seeing a full recovery! 

Total net absorption in the Atlanta industrial real estate market was 672,123 square feet in the first quarter.  The three hottest markets for absorption and their share of the total market figure for absorption are as follows:

 I-20 West/Fulton Industrial = 40.7%
I-85/985/316 = 16.7%
Northwest = 14.1%
*Also worth noting was the I-85 Northeast market with 13.2% of total absorption.

Sim Doughtie states in our latest quarterly Point of View, “We have turned the corner on the worst market we have ever experienced in the Atlanta industrial arena.”  How confident do you feel that the positive trend we are seeing now will continue?

Allison Evans
King Industrial Realty

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