Atlanta Real Estate Market Trends | Northwest Atlanta Industrial Q2 2020

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NorthwestATL_2019

Northwest Atlanta posted its strongest quarter of absorption in a year, absorbing 351,185 square feet in Q2.

Key Takeaways

  • This quarter's occupancy gains came from a few large tenant move-ins, specifically from BoxyCharm (215,000 SF); Chick-fil-A (200,000 SF) and Best Warehouse (139,000 SF)
  • Vacancy was level from last quarter as absorption levels closely matched delivered inventory. Chick-fil-A's build-to-suit was the largest building to come online this quarter.
  • Construction levels increased in Q2 as developers race to capture demand in the submarket. Manufacturing and logistics are the most active industries in Northwest Atlanta currently.
  • Rental rates in the submarket remain the highest in the Atlanta industrial market. 
  • The occupancy losses anticipated for Northwest Atlanta did not occur in Q2, but are likely to show in Q3. Q4 should see a rebound.

2Q20_IND_NWest

Atlanta Real Estate Market Trends | Northwest 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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