Record Breaking Activity In 1st Quarter 2014!

1st Quarter 2014 set a record for activity in a single quarter with over 17.5 million square feet of space leased or sold in the Metro Atlanta industrial market. This activity along with totals from previous three quarters, set yet another record with almost 54.5 million square feet of activity in a four quarter period. For more details see our Point of View.

Third Quarter Atlanta Industrial Real Estate Market

We're on a roll!  We've been saying that the Atlanta industrial market is on its way back and we are starting to see it in living color!  For details take a look at our Point of View . What are you seeing in your respective markets? Do you agree that the industrial real estate market is in deed on it's way back?

Movin' On Up!

King Industrial Realty has recorded the fifth consecutive quarter of positive net absorption!  We are happy to see this positive trend continuing and are hopeful that things keep moving in the right direction.  Read more about what King recorded for the second quarter of 2013 in our latest Point of View.  What are trends you have noticed in your respective sectors/regions?

Car makers add jobs and spend more on expansion

According to this article, the auto industry is picking up.  Do you think expansion in the industry will lead to a notable amount of absorption in the industrial real estate market or will most of the expansion be accounted for by build-to-suits?

A link to the full article is here.

Allison Evans
Associate
King Industrial Realty

Manufacturing Is Going (to New) Places: And What That Means About Jobs

This is a good article about changes we are seeing in the manufacturing industry.  It brings up the point that because of innovations, success and growth in the manufacturing industry can no longer be measured or indicated by a growing number of manufacturing jobs.  A question the author poses is whether we should be unhappy that we are losing assembly line-type jobs or be happy with companies being able to keep higher-skilled jobs on our soil and have products that read "Made in America."  What do you think?

A link to the full article is here.

 

Allison Evans
Associate
King Industrial Realty

New plants in NW Georgia to bring a total of 2,600 jobs

Mattex, a carpet backing and textile company, has announced they will be building a new plant in northwest Georgia that will employ 200 people.  This came about a week after Engineered Floors announced plans to open two new carpet plants that are expected to employ 2,400 people in the same area.  This is all great news for northwest Georgia and it looks like the flooring industry there will continue on it's path of revitalization.  A link to the AJC's article regarding the Mattex plant is here.

Incentives offered by the Department of Economic Development are discussed in a related article.  It is said that Engineered Floors could receive over $100 million in state incentives with the opening of it's two new plants. A link to that article is here.  

Both of these projects will be build-to-suit constructions, which can make activity appear to be improving.  As we have seen in the recent past, this does not usually translate to a notable impact in net absorption.  However, these projects are likely to create a need for additional suppliers and distributors.  Then, maybe we will make a dent in our high availability rates.  How big of an impact do you think these two projects will have on the Metro Atlanta industrial real estate market?

Allison Evans

Associate

King Industrial Realty