Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q2 2020

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NortheastATL_2019

Northeast Atlanta had the second highest amount of industrial space absorbed this quarter at just under 1 million square feet.

Key Takeaways

  • Occupancy gains in Q2 were powered mostly by Walmart's move in at Valentine 85 Logistics Center, and also Southeast Toyota Distributors moving into its new 350,000 square-foot building.
  • The Jackson County area of the submarket experienced the largest vacancy drop in the Atlanta market, declining 330 basis points (3.3%) from Q1. Walmart's occupancy helped take a large vacant space off the market.
  • Deliveries were limited in the quarter, but Northeast Atlanta's construction activity still remains second highest in Atlanta's industrial market. 2 million square feet is anticipated to deliver by year's end, but most of this is in small industrial buildings.
  • Some large move-ins will boost absorption levels next quarter. Industrial activity remains strong in the Northeast Atlanta submarket.

 


2Q20_IND_NEast

Atlanta Real Estate Market Trends | Northeast Atlanta Industrial Q2 2020

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Scott Amoson

Director - Research

Atlanta

Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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