Atlanta’s industrial market has experienced tremendous growth during the past several years thanks to the growth in eCommerce and the city’s prime location near the country’s busiest airport and the booming Port of Savannah. Cushman & Wakefield Atlanta’s Research Team pitted eight of the city’s industrial submarkets against one another to see which would take the title of Atlanta’s top industrial submarket. In today’s post, we share data for the play-in round and round one. All data reflected is from the fourth quarter of 2017.
In the play-in round, we examined the overall vacancy rate in four markets. The Stone Mountain/Tucker submarket fell to the I-20 East/Snapfinger/Rockdale submarket with 6.2 percent vacancy vs. 3.1 percent vacancy, respectively. The I-85 South submarket, with 2.5 percent vacancy, dominated the Georgia 400 Corridor, with a vacancy of 6.3 percent.
Round one compared year-to-date overall net absorption, with four strong match-ups. The I-20 East/Snapfinger/Rockdale submarket, with net absorption of 631,813 square feet, was no match for Northeast Atlanta, which experienced net absorption of 6.1 million square feet. I-75 South, with 3.08 million square feet of net absorption, took the lead over Northwest Atlanta, with 1.78 million square feet.
With 2.85 million square feet of net absorption, I-20 West/Fulton Industrial barely nudged out I-85 South, which had 2.47 million square feet of net absorption. Finally, Chattahoochee/CBD, with only 26,628 square feet of net absorption, was crushed by Airport/South Atlanta, with 3.47 million square feet.
Which submarket will win round two to move onto the final match-up? Check back next week to find out!